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heshott91
heshott91 heshott91
  • 21-01-2017
  • Business
Answered

A company has $4,500 in its Revenue account at the end of a period. The expenses are as follows: Rent, $750; Utilities, $150; Salaries, $2,400; Insurance, $225. The net income (loss) for the period is A. $3,600. B. ($2,100). C. $975. D. ($1,425).

Verified Answer :

oolliiee
oolliiee oolliiee
  • 21-01-2017

C $975 as you minus rent etc from the revenue

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Meochi
Meochi Meochi
  • 30-06-2018

The answer is C. $975.00

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