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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.
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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.

User MarcinR
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1 Answer

1 vote

Answer:

The correct answer is B.$8,000.

Step-by-step 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

User Lovro
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