Webb Company
Selected data from the accounting records of Webb Company are listed below:
-Read the information about Webb Company.What is Webb's net income?
A)$ 1,600
B)$ 2,000
C)$ 2,200
D)$ 2,800

Question

Webb Company
Selected data from the accounting records of Webb Company are listed below: 
-Read the information about Webb Company.What is Webb's net income?
A)$ 1,600 
B)$ 2,000 
C)$ 2,200 
D)$ 2,800

Quizplus · Accepted Answer

To calculate the net income we need to subtract the total expenses from the total revenues. 
Total revenues = $14,500
Total expenses = $12,300
Net income = Total revenues - Total expenses = $14,500 - $12,300 = $2,200. Therefore, the answer is C.

Webb Company Selected Data from the Accounting Records of Webb Company Are