Answered: During the most recent quarter XYZ Corp…

During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The company also paid $291,240 in dividends to shareholders. what is the net income for the quarter?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...

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During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The company also paid $291,240 in dividends to shareholders. what is the net income for the quarter?

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