Question
SX Company sold merchandise on account for $14,400. The merchandise had cost the company $8,300. What is the effect of the sale on the income
SX Company sold merchandise on account for $14,400. The merchandise had cost the company $8,300. What is the effect of the sale on the income statement?
Multiple Choice
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Revenue increases by $6,100
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Expenses increase by $8,300
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Net Income increases by $14,400
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All of the above
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Auditing Practices In Local Governments An International Comparison
Authors: Laurence Ferry, Pasquale Ruggiero
1st Edition
180117086X, 978-1801170864
