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A consulting firm offers legal advisory services. Determine the net income for the quarter ending September, considering the following details: Total revenue: $150,000 Operating expenses:
A consulting firm offers legal advisory services. Determine the net income for the quarter ending September, considering the following details:
- Total revenue: $150,000
- Operating expenses: $40,000
- Taxes: 20% of taxable income
- Additional information: Interest income of $5,000
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
