Based on the selected financial information for Coffeeberry Coffeehous
Based on the selected financial information for Coffeeberry Coffeehouse, calculate net income for 2012.
A) $100
B) $900
C) $500
D) $300
ANSWER
B
Explanation: B) NI = Div + Addition to R/E = $700 + ($6,350 – $6,150 ) = $900.
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