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Using the following information, what is the amount of net income? Purchases $32000 Selling expense $960 Merchandise inventory, sept. 1 57000 merchandise inventory, sept. 30
Using the following information, what is the amount of net income?
Purchases $32000 Selling expense $960
Merchandise inventory, sept. 1 57000 merchandise inventory, sept. 30 6370
Administrative expense 910 sales 63000
rent revenue 1200 interest expense 1040
Answer options:
a. $28310
b. $29510
c. $29350
d. $27560
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
