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The Income Statement for the Month of June, 2018 of Camera

question 210

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The income statement for the month of June, 2018 of Camera Obscura Enterprises contains the following information: The income statement for the month of June, 2018 of Camera Obscura Enterprises contains the following information:   The entry to close the revenue account includes a A)  debit to Income Summary for $1,300. B)  credit to Income Summary for $1,300. C)  debit to Income Summary for $7,000. D)  credit to Income Summary for $7,000. The entry to close the revenue account includes a


Definitions:

Dividend Payout Ratio

A financial indicator showing the proportion of a company's profits distributed to its shareholders as dividends.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues. It's often referred to as the bottom line.

Capital Intensity Ratio

A metric that measures the amount of assets needed by a company to generate one dollar of revenue.

Operating Capacity

The maximum amount of work or output a company can produce in a set period under normal working conditions.

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