Beck Company had the following accounts and balances at the end of the year.What is net income or net loss for the year?
A)net income of $94,000
B)net income of $79,000
C)net loss of $10,000
D)net income of $5,000

Name: Beck Company had the following accounts and balances at the end of the year.What is net income or net loss for the year? A)net income of $94,000 B)net income of $79,000 C)net loss of $10,000 D)net income of $5,000
Brand: Quizplus
Rating: 5.0 (46 reviews)

Question

Beck Company had the following accounts and balances at the end of the year.What is net income or net loss for the year? 
A)net income of $94,000 
B)net income of $79,000 
C)net loss of $10,000 
D)net income of $5,000

Quizplus · Accepted Answer

Revenues $94,000 - Operating Expenses $15,000 = Net Income $79,000

Beck Company Had the Following Accounts and Balances at the End