On December 31,2011,Krug Company Reported Pretax Income of $120,000 Prior

question 62

Multiple Choice

On December 31,2011,Krug Company reported pretax income of $120,000 prior to the following adjusting entries:
Depreciation expense was $31,000;
Accrued service revenues totaled $29,000;
Accrued expenses totaled $12,000;
Expired insurance which was prepaid totaled $9,000;
Rent revenue earned was $7,000; the rent was prepaid by the tenant and credited to unearned rent revenue.
How much is Krug's pretax income after adjusting entries?

• A)$113,000
• B)$104,000
• C)$106,000
• D)$128,000

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Definitions:

Marketing Actions

Marketing actions entail strategies and tactics implemented by businesses to promote their products or services, aiming to enhance brand awareness and stimulate demand.

Product Groupings

The organization of products into categories or families based on similarities in function, customer segment, or other characteristics, facilitating easier management and marketing.

Demographic Variables

Demographic variables are characteristics such as age, gender, income, education level, and ethnicity, used to classify and understand target markets or populations.

Psychographic Variables

Characteristics of consumers or markets based on interests, lifestyles, attitudes, and values for segmentation purposes.