Aloha Company reports the following information at December 31, 2016: ? $$\begin{array} { | l | r | }
\hline \text { Revenue } & \$ 150,000 \
\hline \text { Cash } & 30,000 \
\hline \text { Accounts payable } & 40,000 \
\hline \text { Dividends } & 10,000 \
\hline \text { Expenses } & 85,000 \
\hline
\end{array}$$ ?
What is Aloha Company's net income?
A) $ 15,000
B) $ 45,000
C) $ 55,000
D) $ 65,000

Question

Aloha Company reports the following information at December 31, 2016: ? $$\begin{array} { | l | r | } 
\hline \text { Revenue } & \$ 150,000 \
\hline \text { Cash } & 30,000 \
\hline \text { Accounts payable } & 40,000 \
\hline \text { Dividends } & 10,000 \
\hline \text { Expenses } & 85,000 \
\hline
\end{array}$$ ?
What is Aloha Company's net income?
A) $ 15,000
B) $ 45,000
C) $ 55,000
D) $ 65,000

Quizplus · Accepted Answer

The Answer of Aloha Company reports the following information at December 31, 2016: ? $$\begin{array} { | l | r | } 
\hline \text { Revenue } & \$ 150,000 \
\hline \text { Cash } & 30,000 \
\hline \text { Accounts payable } & 40,000 \
\hline \text { Dividends } & 10,000 \
\hline \text { Expenses } & 85,000 \
\hline
\end{array}$$ ?
What is Aloha Company's net income?
A) $ 15,000
B) $ 45,000
C) $ 55,000
D) $ 65,000

Aloha Company Reports the Following Information at December 31, 2016