Seuss Company determined its total sales were $535,000, salaries expense was $210,000, dividends paid were $15,000, rent expense was $25,000, other operating expenses were $13,000, and customers still owed $4,000 at the end of the year. How much is net income for the year?
a. $267,000.
b. $287,000.
c. $263,000.
d. $530,000.

Question

Quizplus · Accepted Answer

The Answer of Seuss Company determined its total sales were $535,000, salaries expense was $210,000, dividends paid were $15,000, rent expense was $25,000, other operating expenses were $13,000, and customers still owed $4,000 at the end of the year. How much is net income for the year?
a. $267,000.
b. $287,000.
c. $263,000.
d. $530,000.

Seuss Company Determined Its Total Sales Were $535,000, Salaries Expense