The following pre-closing accounts and balances were drawn from the records of Carolina Company on...
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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash $ 3,800 Accounts receivable $ 1,550 Dividends 1,900 Common stock 2,375 Land 2,200 Revenue 2,200 Accounts payable 1,150 Expense 1,250 What is net income that will be shown on Carolina's Year 1 income statement?
The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $ 3,800 Accounts receivable 1,900 Common stock 2,200 Revenue 1,150 Expense $ 1,550 2,375 2,200 1,250 What is net income that will be shown on Carolina's Year 1 income statement? Multiple Choice $950 o o $2,200 $750 O O $1,250
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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash $ 3,800 Accounts receivable $ 1,550 Dividends 1,900 Common stock 2,375 Land 2,200 Revenue 2,200 Accounts payable 1,150 Expense 1,250 What is net income that will be shown on Carolina's Year 1 income statement?