Homework answers / question archive / The following pre-closing accounts and balances were drawn from the records of ABC Company on December 31, Year 1:   Cash $3,800 Accounts receivable $1,550 Dividends $1,900 Common stock $2,375 Land $2,200 Revenue $2,200 Accounts payable $1,150 Expense $1,250  The amount of net income shown on the company's Year 1 income statement would amount to:  Multiple Choice O$1,250 0 $2,200 0 $950 

The following pre-closing accounts and balances were drawn from the records of ABC Company on December 31, Year 1:   Cash $3,800 Accounts receivable $1,550 Dividends $1,900 Common stock $2,375 Land $2,200 Revenue $2,200 Accounts payable $1,150 Expense $1,250  The amount of net income shown on the company's Year 1 income statement would amount to:  Multiple Choice O$1,250 0 $2,200 0 $950 

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The following pre-closing accounts and balances were drawn from the records of ABC Company on December 31, Year 1:  
Cash $3,800 Accounts receivable $1,550 Dividends $1,900 Common stock $2,375 Land $2,200 Revenue $2,200 Accounts payable $1,150 Expense $1,250 
The amount of net income shown on the company's Year 1 income statement would amount to: 
Multiple Choice O$1,250 0 $2,200 0 $950