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Item2 Time Remaining 1 hour 12 minutes 49 seconds01:12:49 Item 2Item 2 Time Remaining 1 hour 12 minutes 49 seconds01:12:49 Revenue on account amounted to $5,000. Cash collections of accounts receivable amounted to $2,300. Expenses for the period were $2,100. The company paid dividends of $450. What was net income for the period

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Zviko

Answer:

$2,900

Explanation:

Net Income is the difference between sales and expenses incurred during the Reporting Period. This is calculated in the Income Statement.

Net Income = $5,000 - $2,100

                   = $2,900

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