Whispering Winds Corp. started the year with total assets of $322000 and total liabilities of $262000
Whispering Winds Corp. started the year with total assets of $322000 and total liabilities of $262000. During the year the business recorded $628000 in revenues, $328000 in expenses, and dividends of $59000. The net income reported by Whispering Winds Corp. for the year was
$570000.
$300000.
$241000.
$180000.
Homework Answers
| Net income is the difference between revenues and expenses |
| Revenues | 628000 |
| Less: Expenses | 328000 |
| Net income | 300000 |
| Option B $300000 is correct |
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Whispering Winds Corp. started the year with total assets of $322000 and total liabilities of $262000
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