Question
Kingbird, Inc. began the year by issuing $100000 of common stock for cash. The company recorded revenues of $1144000, expenses of $970000, and paid dividends
Kingbird, Inc. began the year by issuing $100000 of common stock for cash. The company recorded revenues of $1144000, expenses of $970000, and paid dividends of $73000. What was Kingbird's net income for the year?
$101000
$274000
$201000
$174000
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
