During the year 2016 Dallas Company earned revenues of $90000 had expenses of $62000 purchased assets with a cost of $10000 and had owner drawings of $6000. Net income for the year is
A) $18000.
B) $22000.
C) $28000.
D) $32000.
Correct Answer:
Verified
Q150: Which of the following is not part
Q151: At October 1 Flambo Company reported owner's
Q152: Big Bite Diner received a bill of
Q153: Luis Consulting started the year with total
Q154: At October 1 Flambo Company reported owner's
Q156: Internal users of accounting information include all
Q157: On January 1 2016 Utah Utility Company
Q158: Keeping a systematic chronological diary of events
Q159: A net loss will result during a
Q160: Luis Consulting started the year with total
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents