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16-01-2024
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Finney Company began the year by issuing $40,000 of common stock for cash. The company recorded revenues of $370,000, expenses of $320,000, and paid dividends of $20,000. What was Finney's net income for the year?
A. $30,000
B. $50,000
C. $90,000
D. $70,000

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