During the Year 2009, Diego Company Earned Revenues of $45,000

question 158

Multiple Choice

During the year 2009, Diego Company earned revenues of $45,000, had expenses of $25,000, purchased assets with a cost of $5,000 and had owner drawings of $3,000. Net income for the year is

• A) $45,000.
• B) $20,000.
• C) $17,000.
• D) $15,000.

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Definitions:

Endolymph

Fluid found within the membranous labyrinth of the inner ear.

Perilymph

The fluid that lies between the membranous and bony labyrinth of the inner ear, aiding in hearing and balance.

Oval Window

A membrane-covered opening that leads from the middle ear to the inner ear, vibrating in response to sound waves and transferring those vibrations into the cochlea.

Utricle And Saccule

Structures in the inner ear that are part of the vestibular system, helping to detect gravity and linear acceleration.