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Find net income reported by johnny car repair shop

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Reference no: EM132640714

Question - Johnny car repair shop started the year with total assets of 60000 and liabilities of 40000. During the year business recorded 100000 in car repair revenues,55000 in expenses and dividends of 10000, find net income reported by Johnny car repair shop for the year?

a. 35000

b. 45000

c. 20000

d. 90000

Reference no: EM132640714

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