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What the net income reported by nash trading post

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Question 1: Nash's Trading Post, LLC started the year with total assets of $300000 and total liabilities of $240000. During the year the business recorded $625000 in revenues, $325000 in expenses, and dividends of $55000. The net income reported by Nash's Trading Post, LLC for the year was

Option 1: $245000.

Option 2: $570000.

Option 3: $300000.

Option 4: $180000

Reference no: EM132647712

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