Question
Apple Inc. has the following financial information for the year ended September 30, 2023: Item Amount (USD) Sales Revenue $10,000,000 Cost of Goods Sold $4,000,000
Apple Inc. has the following financial information for the year ended September 30, 2023:
Item | Amount (USD) |
Sales Revenue | $10,000,000 |
Cost of Goods Sold | $4,000,000 |
Operating Expenses | $2,000,000 |
Interest Expense | $500,000 |
Income Tax Expense | $1,000,000 |
Net Income | ? |
Calculate the net income for Apple Inc.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
