Use the Information Below to Answer the Following Questions About

question 66

Multiple Choice

Use the information below to answer the following questions about the Canary Cruises Corporation.
The Canary Cruises Corporation Income Statement Accounts for the year ending December 31,2017 $$\begin{array} { | l | c | } \hline \text { Account } & \text { Balance } \\\hline \text { Cost of goods sold } & \$ 345,000 \\\hline \text { rrterest expense } & \$ 79,000 \\\hline \text { Taxes } & \$ 57,100 \\\hline \text { Reverue } & \$ 836,000 \\\hline \text { Selling, general, and adrniristrative expenses } & \$ 93,000 \\\hline \text { Depreciation } & \$ 126,000 \\\hline\end{array}$$
-Refer to the Canary Cruises Corporation Income Statement Accounts.What is the net income for the Canary Cruises Corporation for 2017?

• A)$339,750
• B)$135,900
• C)$261,100
• D)$345,000

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Definitions:

New Balance

A global athletic footwear and apparel brand known for its emphasis on fitting and performance technology.

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Promotion or advertising activities where there is no direct face-to-face interaction between the sender and receiver.