Business
Business, 22.02.2021 19:00, colebash88

Nelson Company experienced the following transactions during 2016, its first year in operation. 1. Issued $6,600 of common stock to stockholders.
2. Provided $2,900 of services on account.
3. Paid $1,750 cash for operating expenses.
4. Collected $2,200 of cash from accounts receivable.
5. Paid a $130 cash dividend to stockholders.
35.
The amount of net income recognized on Nelson Company's 2016 income statement is:.
a. $1,020.
b. $700.
c. $830.
d. $1,150.

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Answers: 2

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