Question
A company's net sales is $120,000; cost of goods sold is $37,000; selling expenses are $25,000; administrative expenses are $29,000; and interest income is $3,000.
A company's net sales is $120,000; cost of goods sold is $37,000; selling expenses are $25,000; administrative expenses are $29,000; and interest income is $3,000. How much is net income?
$29,000
$32,000
$83,000
$123,000
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
