During 2011, Yoder Enterprises Generated Revenues of $90,000

question 135

Multiple Choice

During 2011, Yoder Enterprises generated revenues of $90,000.The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Yoder's net income is

• A)$90,000.
• B)$45,000.
• C)$27,000.
• D)$24,000.

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Definitions:

Advocate

A person who publicly supports or recommends a particular cause or policy.

Pentagon Papers

Classified documents leaked in 1971 that revealed U.S. government knowledge and actions regarding the Vietnam War not previously disclosed to the public.

New York Times v. United States

A landmark Supreme Court case in 1971 that made it possible for the New York Times and Washington Post newspapers to publish the then-classified Pentagon Papers without risk of government censorship or punishment.

Prior Publication

Prior Publication refers to work that has been previously published or made publicly available before the submission of a current work, often affecting the novelty or copyright eligibility of the latter.