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Aloha Company Reports the Following Information at December 31, 2016

Question 104

Multiple Choice

Aloha Company reports the following information at December 31, 2016: ?  Revenue $150,000 Cash 30,000 Accounts payable 40,000 Dividends 10,000 Expenses 85,000\begin{array} { | l | r | } \hline \text { Revenue } & \$ 150,000 \\\hline \text { Cash } & 30,000 \\\hline \text { Accounts payable } & 40,000 \\\hline \text { Dividends } & 10,000 \\\hline \text { Expenses } & 85,000 \\\hline\end{array} ?
What is Aloha Company's net income?


A) $ 15,000
B) $ 45,000
C) $ 55,000
D) $ 65,000

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