31
Jan
Jan
Cromwell Company began the year by issuing $30,000 of common stock for cash. The company recorded revenues of $275,000, expenses of $240,000, and paid dividends of $15,000. What was Cromwell's net income for the year?
what is the net income is it ?
A)$65,000 B) 50,000 C) 35,000
the answer that i got is A )65 but i am not sure if im rite
Answer:
Im pretty sure u have to subtract the dividends, so the answer would be B)50,000
(this is not just Operating Net Income is it?)
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on Thursday, January 31st, 2008 at 11:47 pm and is filed under Personal Finance.
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