Practice Quiz

Veterinary Practice Manager

Category - CVPM

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If a veterinary hospitals revenue was $45,000, expenses were $37,500, and dividends were $10,000, the amount of net income or net loss would be which of the following?
  1. $2,500 net loss
  2. $8,500 net loss
  3. $7,500 net income
  4. $8,500 net income
Explanation
Answer: C- If a veterinary hospitals revenue was $45,000, expenses were $37,500, and dividends were $10,000, then the amount of net income would be $7,500. Dividends do not affect the amount of net income or net loss.
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