For Each of the Following, Determine the Amount of Net $\$ 71,300$

question 208

Essay

For each of the following, determine the amount of net income or net loss for the year. (a) Revenues for the year totaled $\$ 71,300$ and expenses totaled $\$ 35,500$ . The shareholders purchased $\$ 15,000$ of common stock during the year.
(b) Revenues for the year totaled $\$ 220,500$ and expenses total ed $\$ 175,000$ . The shareholders were paid $\$ 40,000$ dividends during the year.
(c) Revenues for the year totaled $\$ 149,000$ and expenses total ed $\$ 172,000$ . The shareholders purchased $\$ 12,000$ of common stock and were paid $\$ 16,000$ in dividends during the year.
(d) Revenues for the year totaled $\$ 198,150$ and expenses total ed $\$ 174,200$ . The shareholders were paid $\$ 35,000$ dividends during the year.

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Definitions:

Published Research

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Natural Phenomena

Events or occurrences that happen in the natural world, unaffected by human intervention.

Empirical Reasoning

Making conclusions based on observed evidence, often used in the scientific method to form hypotheses and draw conclusions.

Null Hypothesis

The null hypothesis is a default position that there is no difference or effect, used as a starting point for statistical significance testing.