Net income for the year= Revenues-Expenses
= $330000-155000= $175000
So, the answer is option D) $175000
Question Help During the year, FastClean Corporation has $330,000 in revenues, $155,000 in expenses, and $6,000...
Question Help During the year, FastClean Corporation has $330,000 in revenues, S155,000 in expenses, and $6,000 in dividend declarations and payments. Net income for the year O B. $161,000 OC. $330,000
o Dario Corporation has 6,000 shares of 10 cumulative preferred stock and 51.000 ha commenced Date de medidas in 2017 and had divided in 2017, 2016 declares dividend of 154.000. How much of the dividends go to the common oder? O A 547.700 OB. $54,000 OC. $41,400 OD. Non, it will preferred ockholders
During its first year, a corporation earned revenues of $135,000 and incurred expenses of $87,000. The corporation also paid cash dividends of $10,000 and purchased $25,000 of equipment in exchange for cash during the first year. What is the balance in the company's retained earnings account at the end of its first year? O A debit balance of $33,000. O A credit balance of $23,000 O A debit balance of $38,000 O A credit balance of $33,000 O A credit...
Baldwin Corporation began the year with cash of $32,000 and a computer that cost $19.000. During the year, Baldwin eamed sales revenue of $140.000 and had the foowing expenses salaries 565.000 rent, 39.500, and $4.500. At year-end, Baldwin's cash balance was down to $12,000. How much net income for netos) did Baldwin experience for the year? O A $140,000 OB. $(20,000) OC. $61,000 OD. $106.000
During the year, the Nadine Corporation reported revenues of $20,000, expenses of $14,000, and dividends of $1,000. At the end of the year, the Corporation reported assets of $97,000, liabilities of $34,000, and contributed capital (common stock + additional paid-in capital) of $21,000. Determine the dollar amount of the Corporation's retained earnings at the end of the year a. $42,000 b. $63,000 c. $26,000 d. $5,000 QUESTION 30 The Sean Corporation's July 31 unadjusted trial balance included many accounts, including...
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and expenses generated specificaly by this project each Sunnyside Corporation is evaluating a capital investment project which would require an initial investment of $210.000 to purchase new machinery The annual reven year during the project's nine year ife would be: $180,000 S38.000 $142,000 Sales Variable expenses Contribution margin Fixed expenses Salaries expense Rent expense S26.000 $27,000 $21.000 Depreciation expense Total fixed expenses Operating income Sea.000 The residual value of the machinery at the end of the nine years...
Question Help The net income of a company for the year ended was 5500,000. The company has no preferred stock Common stockholders' equity was 51,080.000 at the beginning of the year and 2.000.000 the end of the year Calculate the return on common stockholders' equity O A 33.33% OB 18.75% OC 21.43% OD. 20.00%
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Income Balance Statement Debit Credit Debit Credit 48,000 Balance Sheet Debit Credit 48,000 18,000 18,000 6,000 57,000 6,000 57,000 Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income (Loss) 18,000 25,000 6,000 30,000 3,000 18,000 25,000 6,000 30,000 3,000 3,000 3,000 155,000 155,000 63,000 27,000 63,000 27,000 15,000...
During the year, Sand, Inc. had $120,000 in revenues, $48,000 in expenses, and paid $3,600 in dividends. Net income equals: Multiple Choice $72,000. $75,600 O $120,000 O O $68,400
Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used $775.000 275.000 39,000 330,000 How much is the total product costs for the year? O A $1.050.000 OB. $1.419.000 OC. $330.000 OD. $1,380,000