. If revenue was $450,000, expenses were $370,000 and dividends were $5,000, the amount of net income or net loss would be: A, $45, 000 net income B. $7,500 net income C. $7,500 net loss D. $8,000 net income

. If revenue was $450,000, expenses were $370,000 and dividends were $5,000, the amount of net income or net loss would be: A, $45, 000 net income B. $7,500 net income C. $7,500 net loss D. $8,000 net income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Q2. If revenue was $450,000, expenses were $370,000 and dividends were $5,000, the amount of net income or net loss would be:

A, $45, 000 net income

B. $7,500 net income

C. $7,500 net loss

D. $8,000 net income

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