Question

Use the following appropriate amounts to calculate net income: Revenues, $12,000; Liabilities, $5,000; Expenses, $4,000; Assets, $19,000; Dividends, $4,000. A. $6,000. B.$8,000. C. $4,000. D. $14,000.

Answer 1

Answer:

The correct answer is B.$8,000.

Explanation:

Net income means what is the final left over from a businnes activity. So it is the difference between revenue and expense.

Income = Revenue - expenses

Income = 12,000 - 4,000

Income = 8,000 dollars