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The following information is available for Isla Company for the month of May. How much is the profit for the month? Employee salaries $15,000 Interest
The following information is available for Isla Company for the month of May. How much is the profit for the month?
Employee salaries $15,000 Interest paid on bank loan 2,500 Rent paid to landlord 12,500 Service Revenue 50,000
Question 2Answer a.$65,000
b.$0
c.$35.000
d.$20,000
e.$30,000
The following information is available for Isla Company for the month of May. How much is the profit for the month?
| Employee salaries | $15,000 |
| Interest paid on bank loan | 2,500 |
| Rent paid to landlord | 12,500 |
| Service Revenue | 50,000 |
a.
$65,000
b.
$0
c.
$35.000
d.
$20,000
e.
$30,000
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