Solved: Corresponds to clo 1c tulsa corporation began the year by, Accounting Basics

Corresponds to clo 1c tulsa corporation began the year by

Question - Corresponds to CLO 1(c) Tulsa Corporation began the year by issuing $100,000 of common stock for cash. The company recorded revenues of $250,000, expenses of $125,000, and paid dividends of $20,000. What was Tulsa's net income for the year?

250,000

105,000

205,000

125,000

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Accounting Basics: Corresponds to clo 1c tulsa corporation began the year by

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Accounting Basics: Corresponds to clo 1c tulsa corporation began the year by

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