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Corresponds to CLO 1(c) Tulsa Corporation began the year by-(Answered)

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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

 

Paper#9209525 | Written in 27-Jul-2016

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