Can you help me with accounting questions Revenue on account was $8,000. Cash collections from accountsreceivable were $4,500. Operating expenses for the period were$3,200. The company paid dividends of $800. Net income for theperiod was:A. $4,300B. $4,800C. $3,500D. $5,200

Step 1: Definition of Net IncomeNet income is the profit of a company after deducting all expenses,…

Answered: Revenue on account was $8,000. Cash…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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Revenue on account was $8,000. Cash collections from accounts receivable were $4,500. Operating expenses for the period were $3,200. The company paid dividends of $800. Net income for the period was: A. $4,300 B. $4,800 C. $3,500 D. $5,200