APSCO Lighting, Inc

question 79

Multiple Choice

APSCO Lighting, Inc., had a gross profit of $234,000 for the last twelve-month period. Operating expenses were $185,000. What was APSCO's net income before taxes?

• A) $490,000
• B) $234,000
• C) $185,000
• D) $49,000
• E) $41,000

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Definitions:

Effect

The change that results when something is done or happens, or the outcome of an action.

Your

A possessive pronoun used to indicate ownership or relation to the person being addressed.

You're

A contraction for "you are."

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To receive or agree to take something offered or to agree with or consent to an idea or proposal.