Homework Answers
Answer
The amount of net income or loss is -
$ 15,000 Net Income
Explanation -
Revenue = $ 90,000
Less - Expenses = ( $ 75,000)
Net Income = Revenue - Expenses
= $ 90,000 - $ 75,000
= $ 15,000
Net income is before dividend payment. So the Net income is $ 15,000.
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