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During August 2016, Sals Supply Store generated revenues of $30000. The companys expenses were as follows :cost of goods sold of $12000 and operating expenses
During August 2016, Sals Supply Store generated revenues of $30000. The companys expenses were as follows :cost of goods sold of $12000 and operating expenses of $2000. The company also had rent revenue of $500 and a gain on the sale of a delivery truck of $1000.
snon-operating income (loss) for the month of August, 2016 is: A) SO. B) $500 C) $1,000. D) $1,500 63. Sal' 64. Sal's operating income for the month of August, 2016 is: 1S: A) $30,000. B) $19,000. C) $18,500. D) $16,000. 65. Sal's net income for August, 2016 is A) $18,000. B) $17,500. C) $16,500. D) $16,000 Step by Step Solution
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