Charlie's Chocolates' had stock issuances of $50,000 and dividends of $20,000.The company has revenues of $83,000 and expenses of $64,000.Calculate its net income.

Question

Quizplus · Accepted Answer

Net income = Revenues - Expenses = $83,000 - $64,000 = $19,000
Dividends and stock issuances do not affect net income as they are not expenses. Therefore, the net income is $19,000.

Charlie's Chocolates' Had Stock Issuances of $50,000 and Dividends of $20,000.The