Table 3.2 Coffeeberry Coffeehouse

-Based on the selected financial information for Coffeeberry Coffeehouse,calculate net income for 2012.
A)$100
B)$900
C)$500
D)$300

Question

Table 3.2 Coffeeberry Coffeehouse

-Based on the selected financial information for Coffeeberry Coffeehouse,calculate net income for 2012.
A)$100 
B)$900 
C)$500 
D)$300

Quizplus · Accepted Answer

Net income is calculated as total revenues minus total expenses. The correct choice is based on the given financial information, which indicates that the net income for Coffeeberry Coffeehouse in 2012 is $900.