Question
During the three months of this quarter, Smart Kids Tutoring Inc (SKTI), generated tutoring revenue of $63,400. The direct cost to SKTI of providing the
During the three months of this quarter, Smart Kids Tutoring Inc ("SKTI"), generated tutoring revenue of $63,400. The direct cost to SKTI of providing the tutoring sessions was $29,000. In addition, general administrative expenses were $14,300 this quarter. SKTI also earned interest revenue of $6,900 and SKTI incurred income taxes of $7,400. What is SKTI's net income for this quarter?
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Accounting And Auditing Practices In Africa
Authors: Mariaan Roos, Lesley Stainbank
1st Edition
1928357431, 978-1928357438
