Help Save Charlie's Chocolates' owner made investments of $74,000 and withdrawals of $32,000. The company has...

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Answer 1

Answer #1

Revenues = $107,000

Expenses = $76,000

Net income = Revenues - Expenses

= 107,000 - 76,000

= $31,000

Fourth option is correct.

Investment and withdrawals made by owner are not relevant while calculating net income.

Please ask if you have any query related to the question. Thank you

Answer 2

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