Post Utme Coal City University 2019 Accounting Question 16
Practice objective / multiple choice question 16 from the 2019 Post Utme Coal City University Accounting examination.
A company uses the double-entry system of accounting. The trial balance shows the following balances: Accounts Payable 10,000, Accounts Receivable 8,000, Common Stock 50,000, Dividends 5,000, Retained Earnings 20,000, Sales Revenue 80,000, and Wages Expense 30,000. What is the net income of the company?
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About This Question
This is Post Utme Coal City University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Coal City University Accounting examination.
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