During 2018, Dawson Enterprises earned revenues of $120,000, had expenses of $85,000, purchased assets with a cost of $15,000, and paid dividends of $8,000. What was the net income for the year? answer this question?

During 2018, Dawson Enterprises earned revenues of $120,000, had expenses of $85,000, purchased assets with a cost of $15,000, and paid dividends of $8,000. What was the net income for the year? answer this question?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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