During March, Bindi Company eamed revenue of €540,000 on account of which €355,000 had been collected by the end of the month. The company incurred expenses of €312.000. The company paid all of its expenses in cash as well as paying dividends of €92.000. Net income (oss) for the month is O €228,000, €44,000 O (€48,000) O €136.000

During March, Bindi Company eamed revenue of €540,000 on account of which €355,000 had been collected by the end of the month. The company incurred expenses of €312.000. The company paid all of its expenses in cash as well as paying dividends of €92.000. Net income (oss) for the month is O €228,000, €44,000 O (€48,000) O €136.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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