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Determine the net income reported by Sunland Consulting

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Question - Sunland Consulting started the year with total assets of $60000 and total liabilities of $15000. During the year, the business recorded $48900 in consulting revenues and $30900 in expenses. Sunland made an additional investment of $8000 and withdrew cash of $15000 during the year. Determine the net income reported by Sunland Consulting for the year?

a. $17000.

b. $3000.

c. $18000.

d. $2000.

Reference no: EM132828424

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