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Operating revenues from customers were $299,550. Operating expenses for the store were $166,500. Interest expense was $13,800. Gain from sale of plant and equipment was
Operating revenues from customers were $299,550. Operating expenses for the store were $166,500. Interest expense was $13,800. Gain from sale of plant and equipment was $4,950. Dividend payments to Quince's stockholders were $11,550. Income tax expense was $54,000. Prepaid rent was $7,500. How much was Quince's net income? Corporation has provided the following information: Multiple Choice k
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