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) $8,000.
B) $6,000.
C) $14,000.
D) $4,000.

Answer 1

Answer:

The correct answer is A

Explanation:

Revenues − Expenses = Net Income

$12,000 - $4,000 = $8,000

GOOD LUCK

Answer 2

Answer:

A) $8,000.

Explanation:

net income = total revenues - total expenses = $12,000 - $4,000 = $8,000

net income is the same as net profit, or the difference between total revenue minus total expenses (including cost of goods sold, general and administrative expenses, operating expenses, depreciation, etc.)