During 2014, Li & Fung Corporation earned revenue of HK$9,225,000, incurred expenses of expenses of HK$6,945,000, and paid dividends of HK$630,000. Net income for 2014 is

Question

Quizplus · Accepted Answer

Net income is calculated as revenue minus expenses, which is HK$2,280,000 (HK$9,225,000 - HK$6,945,000). Dividends paid out are not included in the calculation of net income.

During 2014, Li & Fung Corporation Earned Revenue of HK$9,225,000