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29 April, 12:40

Charlie's Chocolates' stockholders made investments of $90,000 and received dividends of $40,000. The company has revenues of $123,000 and expenses of $84,000. Calculate its net income.

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  1. 29 April, 15:02
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    Net income $79,000

    Explanation:

    The net income of the Charlie's Chocolates shall be determined using the below mentioned calculations:

    Revenue = $123,000

    Less: Expenses = ($84,000)

    Add: Dividend income = $40,000

    Net income = $79,000
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