Homework Answers
D.$140,000.
| sales | 250,000 |
| dividends received | 30,000 |
| total revenue | 280,000 |
| less : cost of sales | (80,000) |
| less:wages | (60,000) |
| net income | 140,000 |
note: dividends paid is an appropriation of net income and is not an expense.
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