Net income and dividends The income statement for the month of February indicates a net income of $17,500. During the same period, $25,500 in cash dividends were paid. Would it be correct to say that...

Net income and dividends

The income statement for the month of February indicates a net income of $17,500. During the same period, $25,500 in cash dividends were paid. Would it be correct to say that the business incurred a net loss of $8,000 during the month? Discu

Based on the data presented in Exercise 1-16, identify those items that would appear on the income statement