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. C. $37,500 net loss.
B. $7,500 net income. D. $2,500 net loss.AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780324188035

9th Edition

Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess

See More Books

Question Posted: Jul 18, 2024 10:01 AM

See More Questions

can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...
get an anwer and solution of problem in both paper 1 full disclousure second revenue recognition IV. Test Questions and Solutions Chapter 1 Multiple Choice 1. What basic financial statements can be...
Needing ANSWERS ASAP! Starting at pg 34 - Labeled Graded Project 06155200: Graded Project Instructions & Worksheets 1 Lesson 1: Business, Accounting, and You PROJECT GOAL The goal of this graded...
Increasingly sophisticated communications technology is allowing more people to work at home. What effect do you think this might have on land-use patterns, specifically the density of residential...
During routine conversations, the CEO of a new start-up reports that 22% of adults between the ages of 21 and 39 will purchase her new product. Hearing this, some investors decide to conduct a...
The following partially complete two-way table shows the marginal distributions of gender and handedness for a sample of 100 high school students. Male Female Total Right x 90 Left 10 Total 40 60 100...
Impact on financial reporting LO3, 4 There are no formal accounting standards for the reporting of social and environmental activities. Evaluate what issues this presents for the preparation of...
Freya is an accountant working on the tax return of a high- tech client. After reviewing the work papers, she discovers that there is a pattern of double billing the U. S. Navy for various projects...
Nonconstant Growth Valuation A company currently pays a dividend of $ 3 . 7 5 per share ( D 0 = $ 3 . 7 5 ) . It is estimated that the company's dividend will grow at a rate of 1 8 % per year for the...
what is the objective of most businesses?AppendixLO1
If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in owners equity for...
Bill has an algorithm, find2D, to find an element x in an n n array A. The algorithm find2D iterates over the rows of A and calls the algorithm arrayFind, of Algorithm 1.12, on each one, until x is...
Marc Goudreau, administrator of Clearwater Hospital, was puzzled by the prior month's reports. "Every month, it's anyone's guess whether the lab will show a profit or a loss. Perhaps the only answer...
A system consisting of a gas consisting of O2 (32 Da), H2 (2 Da), and Ar (40 Da) molecules and a billiard ball is at some temperature . Relative to O2, the billiard ball is 1.0 E+26 times as massive...
Low Desert Pottery works makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to...
ASSESSMENT CPCCBC5002A Monitor costing systems on medium rise building and construction projects Please provide answer to Part 2 - Monitor expenditure for a medium-rise project as per below...
Questions 6-8 refer to the same problem A sinusoidal wave with wavelength 2 m and amplitude 5 mm is traveling along the x axis. The wave is traveling in the -x direction at a speed of 2m/s At t = Os,...
The bob of a pendulum of length L is pulled aside so the string makes an angle 0 with the vertical, and the bob is then released. In Example 7-2, the conservation of energy was used to obtain the...
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
Sally was hired at an annual salary of $60,000 on 1/1/20. She elected to contribute $2000 to her Flexible Spending Account (FSA) and her employer contributed $500 to the plan. She contributed $5,000...
View Policies Current Attempt in Progress You have the following information for Sheridan Inc. Sheridan Inc, uses the periodic method of accounting for its inventory transactions. March 1 March 3...
where does the 5 , 0 0 0 come from in finding the dividend per share?

If revenue was $45,000, expenses were $37,500, and dividends were $10,000, the amount of net income or

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions