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Calculate the net profit for the business

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Problem 1: White received progress payments of $78,000 for the year ended, while his expenses totalled $82,000. Calculate the net profit for the business.

The Net Profit =

Choose one answer.
Select one:

Option 1: ($3,500)

Option 2: $3,500

Option 3: $4,000

Option 4: ($4,000)

Reference no: EM132690291

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