emvp company began the year with total assets of $400,000 and total liabilities of $300,000. during the…

emvp company began the year with total assets of $400,000 and total liabilities of $300,000. during the year, the business recorded $650,000 in service revenues, $450,000 in expenses, and paid dividends of $50,000. the net income for the year was\na $100,000.\nb $150,000.\nc $200,000.\nd $250,000.

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