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Does the following statement mean that the $300,000 of net income already includes a deduction of the salary expense? Salary expense is $100,000. THE $300,000

Does the following statement mean that the $300,000 of net income already includes a deduction of the salary expense? Salary expense is $100,000.

THE $300,000 NET INCOME ALREADY ACCOUNTS FOR THE SALARY EXPENSE BOB RECEIVES.

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