What was the net income for the year? During 2015, Dilego Company earned revenues of $80,000, hadexpenses of $62,000, purchased assets with a cost of $8,000,and paid dividends of $6,000. What was the net income for theyear?

Net income measures the profitability of a business during a specific period. It is calculated as…

Answered: During 2015, Dilego Company earned…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 1P

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During 2015, Dilego Company earned revenues of $80,000, had expenses of $62,000, purchased assets with a cost of $8,000, and paid dividends of $6,000. What was the net income for the year?