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Accounts payable 13095 advertising expense 20625 and

Question - The following information was taken from the accounting records of ZZ, Inc. for the year ended December 31, 2017:

Accounts payable $13,095

Advertising expense 20,625

Consulting fees revenue 93,550

Dividends paid 13,450

Income tax expense 14,125

Rent expense 11,728

Retained earnings 57,860

Wage expense 16,917

The net income reported by ZZ, Inc. for 2017 was equal to:

A. $3,610

B. $16,705

C. $17,735

D. $30,155

E. $30,830

F. $31,185

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Accounting Basics: Accounts payable 13095 advertising expense 20625 and

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