Multiple Choice
During the year,Mega,Inc.had revenues of $400,000 of which $310,000 was collected from customers.It also had expenses of $360,000 of which $280,000 was paid.The shareholders were paid $20,000 in dividends.Net income for the year equals ________.
A) $10,000
B) $30,000
C) $40,000
D) $20,000
Correct Answer:
Verified
Correct Answer:
Verified
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