If revenue was $45,000, expenses were $37,500, and dividends were $10,000, the amount of net income or
Question:
If revenue was $45,000, expenses were $37,500, and dividends were $10,000, the amount of net income or net loss would be:
a. $45,000 net income.
b. $7,500 net income.
c. $37,500 net loss.
d. $2,500 net loss.
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b Net income is the excess of revenue over expe...View the full answer
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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