Question

Charlie's Chocolates' stockholders made investments of $90,000 and received dividends of $40,000. The company has revenues of $123,000 and expenses of $84,000. Calculate its net income.

Answer 1

Net income $79,000

Step-by-step explanation:

The net income of the Charlie's Chocolates shall be determined using the below mentioned calculations:

Revenue= $123,000

Less: Expenses= ($84,000)

Add: Dividend income= $40,000

Net income= $79,000