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Determine the net income reported by waterway industries

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Question - Waterway Industries started the year with total assets of $314000 and total liabilities of $254000. During the year the business recorded $626000 in revenues, $327000 in expenses, and dividends of $61000. Determine the net income reported by Waterway Industries for the year?

Reference no: EM133102450

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Determine the net income reported by waterway industries : Waterway Industries started the year with total assets of $314000 and total liabilities of $254000. Determine the net income reported by Waterway Industries
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