Which of the Following Accounts Is Not Included in the Calculation

question 220

Multiple Choice

Which of the following accounts is not included in the calculation of net income?

• A)Services revenue.
• B)Wages expense.
• C)Rent expense.
• D)Cash.
• E)Rent revenue.

Recognize the responsibilities of a company's controller in managing accounting and financial issues.

Understand the calculation and components of the total cost of a finished product.

Differentiate between managerial and financial accounting in terms of purpose, frequency, and specificity of reports.

Comprehend the role of direct materials in the manufacturing cost and inventory valuation.

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