Business
Business, 12.02.2020 04:12, jessicabestard0607

At the beginning of the current year, X Company had assets of $600, liabilities of $300, and common stock of $100. During the current year, the company earned revenue of $750, incurred expenses of $500, and paid dividends of $100. All transactions were cash transactions. 1. The amount of net income reported on the income statement for the current year would be:

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