Determine the Net Income of a Company for Which the Following

question 200

Multiple Choice

Determine the net income of a company for which the following information is available for the month of July.
$\begin{array}{llr} \text { Employee salaries expense} &\$180,000\\ \text {Interest expense } &10,000\\ \text { Rent expense } &20,000\\ \text { Consulting revenue } &400,000\\\end{array}$

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

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