Revenue on account amounted to $6,400. Cash collections of accounts receivable amounted to $4,100. Expenses for the period were $3,300. The company paid dividends of $1,050. What was the amount of net income for the period?
a. $3,050
b. $2,050
c. $3,100
d. $800

Question

21-06-2024
Business

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Revenue on account amounted to $6,400. Cash collections of accounts receivable amounted to $4,100. Expenses for the period were $3,300. The company paid dividends of $1,050. What was the amount of net income for the period?
a. $3,050
b. $2,050
c. $3,100
d. $800

Sagot :

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