Multiple Choice
Ashley's Accessory Shop started the year with total assets of $210,000 and total liabilities of $120,000. During the year the business recorded $330,000 in revenues, $165,000 in expenses, and dividends of $60,000. The net income reported by Ashley's Accessory Shop for the year was
A) $120,000.
B) $150,000.
C) $195,000.
D) $165,000.
Correct Answer:
Verified
Correct Answer:
Verified
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