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Compute the net income reported by Nash Trading Post

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Question - Nash's Trading Post, LLC started the year with total assets of $300000 and total liabilities of $240000. During the year the business recorded $625000 in revenues, $325000 in expenses, and dividends of $55000. Compute the net income reported by Nash's Trading Post, LLC for the year?

a. $245000.

b. $570000.

c. $300000.

d. $180000.

Reference no: EM132669373

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