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Butoxors [25]
3 years ago
14

Sheridan Company started the year with total assets of $214000 and total liabilities of $124000. During the year the business re

corded $339000 in revenues, $150000 in expenses, and dividends of $65000. The net income reported by Sheridan Company for the year was
Business
1 answer:
Advocard [28]3 years ago
3 0

Answer:

Net income is $189,000

Explanation:

Net income for the year = Revenue - Expenses

= $339,000 - $150,000

= $189,000

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