Determine the Net Income of a Company for Which the Following

question 109

Multiple Choice

Determine the net income of a company for which the following information is available for the month of July.
Employee salaries expense.... $180,000
Interest expense.................... 10,000
Rent expense........................ 20,000
Consulting revenue............... 400,000

• A) $190,000.
• B) $210,000.
• C) $230,000.
• D) $400,000.
• E) $610,000.

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