Question
An organisation has sales of $825,000 over the fiscal year to June 30 th 20XX. Cost of goods sold was $260,000 and administrative and sales
An organisation has sales of $825,000 over the fiscal year to June 30th20XX. Cost of goods sold was $260,000 and administrative and sales expense was $180,000. Depreciation was calculated at $65,000. Interest earnings were $15,000 and interest paid on loans was $35,000. The organisation is based in Australia.
What is the Net Income for the Year Ending June 30th20XX?
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
2nd Canadian edition
133375536, 9780133845396, 133845397, 978-0133375534
