Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if assets total $45,000, expenses total $10,000, r

If assets total $45,000, expenses total $10,000, revenues total $35,000, and total stockholders equity equals...

80.2K

Verified Solution

Question

Accounting

If assets total $45,000, expenses total $10,000, revenues total $35,000, and total stockholders equity equals $30,000, what is the amount of net income?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

In an attempt to strengthen the health system and improve health-service delivery, Zambia has been gradually...

Programming
1.2K views

Complete the // TODO sections in the EasyRental class. Create a method that implements an iterative sort...

Psychology
1.2K views

How is anticipation important with respect to dopamine? What makes uncertainty, lack of control and predictability sometimes...

Economics
1.2K views

a) What is the difference between the short-run AS curve and the long-run AS curve? Define...

Biology
1.2K views

A reciprocal translocation between Chromosome 9 and Chromosome 22 produces the so called Philadelphia chromosome...

Basic Math
1.2K views

Classify the following events as either independent or dependent.Independent ...

Algebra
1.2K views

Factor out a factor with a negative coefficient 36r 4 s 3 28r 2 s...

Accounting
1.2K views

On December 11, 2021, Harry's business borrowed $36,000 and signed a 60-day, 4% note payable....

Accounting
1.2K views

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage...

Accounting
1.2K views

2. Change all of the numbers in the...

Accounting
1.2K views

Ahmed also advises you that he sold a piece of vacant land at a significant...

Finance
1.2K views

Consider the following bonds. Use a spreadsheet to respond to the questions.Attached photo shows bond...