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Airida [17]
3 years ago
7

Annapolis Corporation's trial balance included debits to expense accounts of $160,000, credits to revenue accounts of $153,000,

and debits to the Dividends account of $50,000. Based on this information, what is the amount of the company's net income or loss. Enter a loss as a negative number.
Business
1 answer:
joja [24]3 years ago
4 0

Answer:

THere will be a negative loss for (7,000) dollars

Explanation:

The net income will be the result of doing revenues less expenses

The cash dividends are not considered for the calcualtions. they impact retained earnings not the income of the current period.

revenues      153,000

expenses  <u>  (160,000)   </u>

<em>loss                 (7,000)</em>

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As it turns out, Brian and Sondra's good fortune with the restaurant has caused their competitors to lose business. In fact, Caj
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4 years ago
A lot of points
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Answer:

The answer is C

Explanation:

6 0
3 years ago
A country in South America has large reserves of copper and tin. Mining forms the pillar of its economy. A major part of its rev
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Answer:

B) raw material exporting

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3 0
3 years ago
Reliable Cars has sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent. The firm has a total debt
Andreyy89

Answer:

19.64%

Explanation:

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3 0
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