Brightway Corporation began the year with retained earnings of $450,000. During the year, the company recorded revenues of $528,000 and expenses of $397,000. It also paid dividends of $48,200. What was Brightway Corporation's net income for the year?

Brightway Corporation began the year with retained earnings of $450,000. During the year, the company recorded revenues of $528,000 and expenses of $397,000. It also paid dividends of $48,200. What was Brightway Corporation's net income for the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

What was brightway corporations net income for the year?

Brightway Corporation began the year with
retained earnings of $450,000. During the
year, the company recorded revenues of
$528,000 and expenses of $397,000. It also
paid dividends of $48,200.
What was Brightway Corporation's net
income for the year?

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