Multiple Choice
Finney Company began the year by issuing $80,000 of common stock for cash. The company recorded revenues of $740,000, expenses of $640,000, and paid dividends of $40,000. What was Finney's net income for the year?
A) $60,000
B) $140,000
C) $100,000
D) $180,000
Correct Answer:
Verified
Correct Answer:
Verified
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