If a company has $10,500,000 of revenues, declares and pays $550,000 in dividends, and has net income of $1,600,000, how much were expenses for the year?
A)$9,950,000
B)$1,050,000
C)$2,150,000
D)$8,900,000

Question

Quizplus · Accepted Answer

Total expenses can be calculated as follows:
Revenues - Dividends - Net Income = Expenses
$10,500,000 - $550,000 - $1,600,000 = $8,900,000.
Therefore, choice D, $8,900,000, is the correct answer.

If a Company Has $10,500,000 of Revenues, Declares and Pays