Martha Pharoah Ito began the Pharoah Company by investing $75000 of cash in the business. The company recorded revenues of $555000, expenses of $410000, and had owner drawings of $30000. What was Pharoah's net income for the year?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Martha Pharoah Ito began the Pharoah Company by investing $75000 of cash in the business. The company recorded revenues of
$555000, expenses of $410000, and had owner drawings of $30000. What was Pharoah's net income for the year?
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Transcribed Image Text:ala@sti X | Unit 2 Lab Quiz - AC114 Accou X Lab Quiz Question 6 of 25 ation.wiley.com/was/ui/v2/assessment-player/index.html?launchId=4b1dc98f-a2c8-4982-889e-4213278d957d#/question/5 View Policies O $115000. O $145000. O $190000. O $175000. WP NWP Assessment Player Ul Ap X J Save for Later AC114: Accounting I x → 114_u2activity Current Attempt in Progress Martha Pharoah Ito began the Pharoah Company by investing $75000 of cash in the business. The company recorded revenues of $555000, expenses of $410000, and had owner drawings of $30000. What was Pharoah's net income for the year? MacBook Air -/1 = : Attempts: 0 of 1 used Submit Answer X
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