Formula for calculation of Net Income = Electronic Repair Revenue - Electronic Repair Expense
Electronic Repair Revenues = $ 512,000
Electronic Repairs Expenses = $ 314,000
Net Income = 512,000 - 314,000
Net Income for Blossom Electronic Repair Shop = $ 198,000
Option D ($ 198,000) is the correct answer for the problem.
Current Attempt in Progress Blossom's Electronic Repair Shop started the year with total assets of $301000...
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Current Attempt in Progress Bramble Consulting started the year with total assets of $59100 and total liabilities of $14000. During the year, the business recorded $48200 in catering revenues and $30200 in expenses. Bramble issued stock of $8800 and paid dividends of $15000 during the year. The net income reported by Bramble Consulting for the year was: $3300 $12100 $18000 $27100 Save for Later EV 3,37 Attempts: 0 of 1 used Submit Answer Up next esc # 3 $ 4...
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