Nelson company experienced the following transactions during year 1, its first year in operation. 1. acquired $8200 cash by issuing common stock. 2. provided $4500 of services on account. 3. paid $2150 cash for operating expenses. 4. collected $3000 of cash from customers in partial settlement of its accounts receivable. 5. paid a $210 cash dividend to stockholders. what is the amount of net income that will be reported on the year 1 income statement? $2140. $1710. $1500. $2350.

$2350.

Explanation:

The computation of the net income is shown below:

= Service revenue - operating expenses

= $4,500 - $2,150

= $2,350

The other items are related to the retained earning account, assets account, stockholder equity account. So, these items should not be considered in the computation part. Hence, ignored it

answer; i believe the correct answer is (a) purchase of treasury stock;

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.