Below Is Accounting Information for Cascade Company for 2013 What Was Net Income for the Year?
A) $320,000
B)

question 141

Multiple Choice

Below is accounting information for Cascade Company for 2013:
$$\begin{array} { | l | r | } \hline \text { Revenue } & \$ 416,000 \\\hline \text { Cash } & \$ 120,000 \\\hline \text { Common stock } & \$ 200,000 \\\hline \text { Expenses } & \$ 300,000 \\\hline \text { Equipment } & \$ 240,000 \\\hline \text { Accounts receivable } & \$ 35,000 \\\hline \text { Notes payable } & \$ 50,000 \\\hline \text { Notes receivable } & \$ 62,000 \\\hline\end{array}$$
What was net income for the year?

• A) $320,000
• B) $296,000
• C) $100,000
• D) $457,000
• E) $116,000

---

Definitions:

Muscle Fiber

A single, elongated muscle cell that contracts to produce movement.

Myosin Filament

A protein filament that, along with actin, plays a role in muscle contraction and cell movement.

Actin Filament

A protein filament that, along with myosin, plays a key role in muscle contraction and is involved in various types of cell movement and structure.

Acetylcholine

A neurotransmitter in the nervous system that plays a crucial role in muscle movement and various brain functions.