Sanders Company Had the Following Data for the Year Ending

question 128

Multiple Choice

Sanders Company had the following data for the year ending December 31,2014:
$$\begin{array} { l l } \text { Cash } & \$ 6,000 \\\text { Depreciation expense } & 40,000 \\\text { Prepaid rent } & 1,400 \\\text { Cost of goods sold } & 69,000 \\\text { Sales } & 200,000 \\\text { Dividends paid } & 3,000 \\\text { Rent expense } & 3,600 \\\text { Wage expense } & 81,000\end{array}$$
What is the net income for the year ending December 31,2014?

• A) $400
• B) $3,400
• C) $6,000
• D) $6,400

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Definitions:

Time and Schedules

The organization and planning of activities or tasks within designated periods to ensure efficient use of time and adherence to deadlines.

Punctuality

The quality or habit of being on time to appointments, meetings, or events, reflecting reliability and respect for others' time.

U.S. Businesses

Companies and enterprises operating within the United States, subject to its regulatory, economic, and market conditions.

Cultural Competency

The ability to understand, communicate with, and effectively interact with people across cultures, recognizing and respecting their differences.