Business, 22.01.2020 06:32 lilisncz

Dynamic production services started the year with total assets of $130,000 and total liabilities of $50,000. the company is a sole proprietorship. the revenues and the expenses for the year amounted to $100,000 and $60,000, respectively. during the year, there were no new capital contributions and the owner withdrew $45,000. calculate dynamicʹs net income for the year.
a) $60,000.
b) $130,000.
c) $40,000.
d) $100,000.

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