Copyright

Fill in the missing information from the income statement. Ruston Company Income Statement ...

Question:

Fill in the missing information from the income statement.

Ruston Company

Income Statement

January 1 to December 31,2017

(amounts in thousands)

Revenue
Expenses 2,100
Net Income 2,900

What is the value for Revenue?

Please specify your answer in the same units as the income statement.

Net income

Net income is the synonym of net profit, which comes after deducting the total cost( variable as well as fixed) from the total Revenue ( from all the sources, bussiness or non business activities). This profit is not very much reliable because it contains the elements of subjectivity.

Answer and Explanation:

Revenue - Expenses = net income

Revenue- $2100=$2900

Revenue =$ 2900 +$2100=$5000


Learn more about this topic:

Loading...
What Is Net Income? - Definition & Formula

from OSAT Business Education (CEOE) (040): Practice & Study Guide

Chapter 69 / Lesson 5
63K

Related to this Question

Explore our homework questions and answers library