Graham Holdings Company reports the following account balances as of December 31, 2016, the end of its fiscal year. Debit Credit Accounts payable 500,726 Advertising revenue 311,078 Cash 670,816 Contributed capital 364,413 Deferred revenue 312,107 Depreciation and amortization expense 92,894 Dividends 27,325 Education revenue 1,598,347 Long-term assets 2,561,324 Operating expenses 2,085,462 Other current assets 1,200,530 Other current liabilities 6,128 Other equity 236,486 Other expenses, net 52,876 Common stock 20,000 Other liabilities 1,160,718 Other revenue 572,465 Retained earnings 5,446,809 Тах еxpense 81,200 Treasury stock 3,756,850 Unearmed Revenues 2,789,000 What is the Company's net income for 2016?

Graham Holdings Company reports the following account balances as of December 31, 2016, the end of its fiscal year. Debit Credit Accounts payable 500,726 Advertising revenue 311,078 Cash 670,816 Contributed capital 364,413 Deferred revenue 312,107 Depreciation and amortization expense 92,894 Dividends 27,325 Education revenue 1,598,347 Long-term assets 2,561,324 Operating expenses 2,085,462 Other current assets 1,200,530 Other current liabilities 6,128 Other equity 236,486 Other expenses, net 52,876 Common stock 20,000 Other liabilities 1,160,718 Other revenue 572,465 Retained earnings 5,446,809 Тах еxpense 81,200 Treasury stock 3,756,850 Unearmed Revenues 2,789,000 What is the Company's net income for 2016?

Name: **Graham Holdings Company Balance Sheet Summary as of December 31, 20
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Description: **Graham Holdings Company Balance Sheet Summary as of December 31, 2016**The following is a summary of the account balances reported by Graham Holdings Company at the end of its fiscal year on December 31, 2016.**Account Balances:**| **Account Descr

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 9C

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