Multiple Choice
Revenue on account amounted to $5,000. Cash collections of accounts receivable amounted to $2,300. Expenses for the period were $2,100. The company paid dividends of $450. What was the amount of net income for the period?
A) $1,200
B) $2,900
C) $2,850
D) $2,450
Correct Answer:
Verified
Correct Answer:
Verified
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