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

Answer:

Net income                                                $79,000

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