If a company has $152,000 of revenues,declares and pays $55,000 in dividends,and has net income of $89,000,how much were expenses for the year?
A)$8,000
B)$63,000
C)$144,000
D)Unable to determine the amount due to incomplete information.

Question

Quizplus · Accepted Answer

To find expenses, we can use the formula: 
Revenues - Expenses = Net Income 
Substituting the given values, we get: 
$152,000 - Expenses = $89,000 
Expenses = $63,000

Therefore, the correct answer is B) $63,000.

If a Company Has $152,000 of Revenues,declares and Pays $55,000