The Following Is Selected Information from C Corporation for the Fiscal

question 117

Multiple Choice

The following is selected information from C Corporation for the fiscal year ending October 31, 2022. Based on the accrual basis of accounting, what is C Corporation's net income for the year ending October 31, 2022?

• A)$132,000
• B)$116,000
• C)$106,000
• D)$140,000

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Definitions:

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer known for founding the anti-slavery newspaper "The Liberator."

Racism

A system of prejudice and discrimination based on race, where societal beliefs and practices create unequal opportunities and treatment for racial groups.

Henry Highland Garnet

An African American abolitionist, minister, and orator known for advocating the violent overthrow of slavery.

Slaves Revolts

Uprisings by enslaved people against their captors and the oppressive systems of slavery, often aiming for freedom and significant changes.