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What net effect do these entries have on net income

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Problem - M Co. recorded journal entries for the declaration of $150,000 of dividends, $25,000 of rent received in advance, a $35,000 sale made on account, and $6,000 of accrued utilities payable. What net effect do these entries have on net income?

a. Decrease of $96,000

b. Decrease of $115,000

c. Increase of $54,000

d. Increase of $29,000

Reference no: EM132963473

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