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Revenue on account amounted to $4,600. Cash collections of accounts receivable amounted to $2,750. Expenses for the period were $2,400. The company paid dividends of $600. What was the amount of net income
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35 votes
35 votes
Revenue on account amounted to $4,600. Cash collections of accounts receivable amounted to $2,750. Expenses for the period were $2,400. The company paid dividends of $600. What was the amount of net income for the period

User Myles Best
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1 Answer

18 votes
18 votes

Answer:

Net income = Revenue - Expenses

4600-2400=2200

User Gilson Viana
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3.2k points
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