During January, Bruni Corporation earned revenue of $€ 45,000$, incurred expenses of $€ 22,000$, and paid dividends of $€ 3,000$. The income statement will report net income for the month of

Question

Quizplus · Accepted Answer

Net income is calculated as total revenue minus total expenses. Therefore, $€ 45,000 - € 22,000 = € 23,000$. Dividends are not included in the income statement calculation.

During January, Bruni Corporation Earned Revenue Of €45,000€ 45,000€45,000 , Incurred Expenses Of

During January, Bruni Corporation Earned Revenue Of $€ 45,000$ , Incurred Expenses Of