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6 July, 04:49

Use the following appropriate amounts to calculate net income: Revenues, $12,000; Liabilities, $5,000; Expenses, $4,000; Assets, $19,000; Dividends, $4,000. A. $6,000. B.$8,000. C. $4,000. D. $14,000.

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  1. 6 July, 04:55
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    The correct answer is B.$8,000.

    Explanation:

    Net income means what is the final left over from a businnes activity. So it is the difference between revenue and expense.

    Income = Revenue - expenses

    Income = 12,000 - 4,000

    Income = 8,000 dollars
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