Author Question: During the year, Mega, Inc had revenues of 400,000 of which 310,000 was collected from customers. It ... (Read 69 times)

NClaborn · **on:** Jul 5, 2018

During the year, Mega, Inc had revenues of 400,000 of which 310,000 was collected from customers. It also had expenses of 360,000 of which 280,000 was paid. The shareholders were paid 20,000 in dividends. Net income for the year equals ________.

A) 10,000
B) 30,000
C) 40,000
D) 20,000

Question 2

Each person authorized to sign checks must sign a(n) ___________________ _.
Fill in the blank(s) with correct word