If a farm business has an annual net income of $425,000, the which of the following is the likely change in the balancesheet? Increase in retained earnings of $425,000 Increase in ROE of the business Increase in cash acct value of $450,000 Increase in the ROA of the businessA Moving to the next question prevents changes to this

Net Income is the amount an individual or organization makes after deducting costs and expenses from…

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If a farm business has an annual net income of $425,000, the which of the following is the likely change in the balance

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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Question

If a farm business has an annual net income of $425,000, the which of the following is the likely change in the balance
sheet? Increase in retained earnings of $425,000 Increase in ROE of the business Increase in cash acct value of $
450,000 Increase in the ROA of the businessA Moving to the next question prevents changes to this

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