Solved

Aloha Company Reports the Following Information at December 31,2017 What Is Aloha Company's Net Income?
A)$15,000
B)$45,000
C)$55,000
D)$65,000

Question 105

Multiple Choice

Aloha Company reports the following information at December 31,2017:

 Revenue $150,000 Cash 30,000 Accounts payable 40,000 Dividends 10,000 Expenses 85,000\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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents