What is the net income a ( $ 60,000 ) b ( $ 65,000 ) c ( $ 55,000 ) d ( $ 180,000 ) Sales revenue $480,000 Cost of goods sold 300,000 Sales discounts 20,000 Sales returns and allowances 15,000 Operating expenses 85,000 Interest revenue 5,000...

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What is the net income? a. ($ 60,000) b. ($ 65,000) c. ($ 55,000) d. ($ 180,000)

Question:

What is the net income?

a. $\$ 60,000$

b. $\$ 65,000$

c. $\$ 55,000$

d. $\$ 180,000$

image text in transcribed

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 05, 2024 01:06 AM

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What is the net income? a. ($ 60,000) b. ($ 65,000) c. ($ 55,000) d. ($ 180,000)

Question:

Sales revenue $480,000 Cost of goods sold 300,000 Sales discounts 20,000 Sales returns and allowances 15,000 Operating expenses 85,000 Interest revenue 5,000

Step by Step Answer:

Financial Accounting

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