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Benny's Repair Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year the business recorded $210,000 in revenues, $110,000 in expenses, and dividends of $20,000. what was the net income reported by Benny's Repair Shop for the year ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M974416

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