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What Is X-Cel Company's Net Income or Net Loss If

Question 150

Multiple Choice

What is X-cel Company's net income or net loss if it had Revenue of $1,800, Salary Expense of $500, Utility Expense of $250, and Withdrawals of $1,000 during October?


A) $50 net income
B) $1,050 net loss
C) $1,050 net income
D) $50 net loss

Correct Answer:

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