During the Year 2015, Dilego Company Earned Revenues of $90,000

question 139

Multiple Choice

During the year 2015, Dilego Company earned revenues of $90,000, had expenses of $56,000, purchased assets with a cost of $10,000 and paid dividends of $6,000. Net income for the year is

• A)$18,000.
• B)$24,000.
• C)$28,000.
• D)$34,000.

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Definitions:

Errors

Mistakes or inaccuracies in data, calculations, or judgments that can affect the outcome or interpretation of a study or experiment.

Standard Deviation

An assessment that determines the magnitude of variation or spread across a set of data points.

Defective Computers

Computers that are faulty or have manufacturing errors, making them fail to perform as intended.

Standard Deviation

A statistic that quantifies the dispersion of a dataset relative to its mean.