During the current year, the owners of A & J Industrial Supply Company invested $100,000 and withdrew $48,000. In the same time period, the company had revenues of $200,000 and expenses of $75,000. What is A & J's net income? a. $125,000 b. $177,000 c. $52,000 d. $275,000

During the current year, the owners of A & J Industrial Supply Company invested $100,000 and withdrew $48,000. In the same time period, the company had revenues of $200,000 and expenses of $75,000. What is A & J's net income? a. $125,000 b. $177,000 c. $52,000 d. $275,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 1BCRQ

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$125,000

$177,000

$52,000

$275,000

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