During January, Bruni Corporation earned revenue of €90,000, incurred expenses of €44,000, and paid dividends of €6,000. The income statement will report net income for the month of

Question

Quizplus · Accepted Answer

Net income is calculated by subtracting expenses from revenue. Therefore, net income for Bruni Corporation in January would be €90,000 - €44,000 = €46,000. Dividends do not affect net income as they are paid out of profits after net income has already been calculated.

During January, Bruni Corporation Earned Revenue of €90,000, Incurred Expenses