takeylalove3944 takeylalove3944
  • 13-08-2020
  • Business
contestada

Suppose Income Summary received a debit of $75,000 and a credit of $100,000. The net income or net loss for the period must have been:

Respuesta :

topeadeniran2 topeadeniran2
  • 13-08-2020

Answer: Net income of $25000

Explanation:

Suppose Income Summary received a debit of $75,000 and a credit of $100,000, there will be a net income of $25000.

This is because we've a credit of $100,000 and a debit of $75,000 and since the credit is higher than the debit, it shows that there will be a net income.

Answer Link

Otras preguntas

Simplify the radical expression.. square root of 128
what it's the value 6 in 6600
Can somebody help me rewrite the equations in standard y=format? 2x-y-6=0 4x+2y+8=0
is 1/4 rational or irrational
can the square root of 130 be simplified
How do you write a word phrase for y/5
Simplify 3 square root of 125
Is the square root of infinity still infinity?
reinforcement, contact, honestly and fair expectations are A. Ways of maintaining relationships B. Part of the irritation threshold C. Characteristics of prod
Arrange the events of succession in their proper order. a. pioneer species, plant growth, soil formation b. pioneer species, soil formation, plant growth c. s