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?

Name: 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?
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Question

Quizplus · Accepted Answer

Expenses can be calculated as:
Expenses = Revenues - Dividends - Net income
Expenses = $10,500,000 - $550,000 - $1,600,000
Expenses = $8,350,000

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