Question 22 The total assets and the total liabilities of Atlas Financial Services are shown...
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Question 22 The total assets and the total liabilities of Atlas Financial Services are shown below. There were no capital contributions and no withdrawals during the year. Points out of 100 Tota Remove flag Total Assets Liabilities Beginning of year $400,000 $295,000 End of year 440,000 320.000 What was the amount of net income for the year? Select one: A. $25,000 B. 565,000 C. $40,000 D $15.000
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