Question

Charlie's Chocolates' had stock issuances of $64,000 and dividends of $27,000. The company has revenues of $97,000 and expenses of $71,000. Calculate its net income.

Answer 1

Answer:

$26,000

Explanation:

Revenue for Charlie's chocolate is $97,000

Expenses is $71,000

Therefore the net income can be calculated as follows

= revenue - expenses

= $97,000-$71,000

= $26,000

Hence the net income is $26,000