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Category > Accounting Posted 19 May 2017 My Price 6.00

The income statement of a corporation for the month of October i

The income statement of a corporation for the month of October indicates a net income of $158,250. During the same period, $180,000 in cash dividends were paid. Would it be correct to say that the business incurred a net loss of $21,750 during the month? Discuss.

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Alpha Geek
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Status NEW Posted 19 May 2017 01:05 PM My Price 6.00

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Attachments

file 1495200006-357064_1_636307515967533671_Dividends-vs-Expenses.xlsx preview (127 words )
Di-----------vid-----------end-----------sTh-----------e i-----------nco-----------me -----------sta-----------tem-----------ent----------- of----------- a -----------cor-----------por-----------ati-----------on -----------for----------- th-----------e m-----------ont-----------h o-----------f O-----------cto-----------ber----------- in-----------dic-----------ate-----------s a----------- ne-----------t i-----------nco-----------me -----------of -----------$15-----------8,2-----------50.----------- Du-----------rin-----------g t-----------he -----------sam-----------e p-----------eri-----------od,----------- $1-----------80,-----------000----------- in----------- ca-----------sh -----------div-----------ide-----------nds----------- we-----------re -----------pai-----------d. -----------$Ne-----------t I-----------nco-----------me -----------for----------- mo-----------nth----------- Oc-----------tob-----------erC-----------ash----------- Di-----------vid-----------end-----------s P-----------aid-----------Wou-----------ld -----------it -----------be -----------cor-----------rec-----------t t-----------o s-----------ay -----------tha-----------t t-----------he -----------bus-----------ine-----------ss -----------inc-----------urr-----------ed -----------a n-----------et -----------los-----------s o-----------f $-----------21,-----------750----------- du-----------rin-----------g t-----------he -----------mon-----------th?----------- Di-----------scu-----------ss.-----------No.-----------It -----------wil-----------l n-----------ot -----------be -----------cor-----------rec-----------t t-----------o s-----------ay -----------tha-----------t t-----------he -----------bus-----------ine-----------ss -----------inc-----------urr-----------ed -----------a n-----------et -----------los-----------s o-----------f $-----------21,-----------750-----------.Th-----------e B-----------usi-----------nes-----------s h-----------as -----------ear-----------ned----------- a -----------Net-----------
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