The Following Is Selected Information from L Corporation for the Fiscal

question 105

Multiple Choice

The following is selected information from L Corporation for the fiscal year ending October 31 2022. $\begin{array} { | l | r | } \hline \text { Cash received from customers } & \$ 300,000 \\\hline \text { Revenue recognized } & 440,000 \\\hline \text { Cash paid for expenses } & 170,000 \\\hline \begin{array} { c } \text { Cash paid for computers on November 1, 2021 that will } \\\text { be used for } 3 \text { years }\end{array} & 48,000 \\\hline \begin{array} { l } \text { Expenses incurred including any depreciation }\end{array} &216,000 \\\hline \begin{array} { l } \text { Proceeds from a bank loan, part of which was used to } \\\text { pay for the computers }\end{array} &100,000 \\\hline\end{array}$ Based on the accrual basis of accounting what is L Corporation's net income for the year ending October 31 2022?

• A)$254000
• B)$224000
• C)$208000
• D)$270000

Perform hygiene care safely and effectively using specialized products, such as CHG wipes, following the manufacturer's instructions.

Understand the needs for and methods of providing perineal care for patients under various conditions.

Understand the process and significance of gas exchange across the alveolar capillary membrane.

Identify key structures and their functions within the cardiac conduction system and how they relate to ECG readings.

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Definitions:

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.