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:

Phobic Disorder

A type of anxiety disorder characterized by an excessive and irrational fear of an object, situation, or activity, leading to avoidance behavior.

Enclosed Places

Locations confined within boundaries or surrounded by walls, often affecting people's comfort or behavior.

Irrational Fear

Irrational fear is an intense and unreasonable apprehension towards a particular object, situation, or activity that poses little to no actual risk.

Psychiatric Institutions

Facilities dedicated to the care and treatment of individuals with mental health disorders, including hospitals and clinics.