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During 2015, Diego Company earned revenues of $95,000, had expenses of $68,000, purchased assets with a cost of $10,000, and paid dividends of $6,000. What was the net income for the year?

During 2015, Diego Company earned revenues of $95,000, had expenses of $68,000, purchased assets with a cost of $10,000, and paid dividends of $6,000. What was the net income for the year?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 1P
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What was the net income for the year? General accounting

During 2015, Diego Company earned revenues of $95,000, had expenses of $68,000, purchased assets with a cost of $10,000, and paid dividends of $6,000. What was the net income for the year?
Transcribed Image Text:During 2015, Diego Company earned revenues of $95,000, had expenses of $68,000, purchased assets with a cost of $10,000, and paid dividends of $6,000. What was the net income for the year?
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