5) At the end of 2021, Trump Co. reported net sales revenue of $16,837,000, cost of good sold of $7,577,000, salaries expense of $1,136,600, depreciation of $1,894,300, dividends declared of $336,700, utilities expense of $454,600, interest expense of $227,300, rent revenue of $757,600, and marketing expense of $833,500. What should Trump Co. report as net income in 2021? (AC 15) O $5,134,600 O $16,837,000 O $5,471,300 O $5,808,000

5) At the end of 2021, Trump Co. reported net sales revenue of $16,837,000, cost of good sold of $7,577,000, salaries expense of $1,136,600, depreciation of $1,894,300, dividends declared of $336,700, utilities expense of $454,600, interest expense of $227,300, rent revenue of $757,600, and marketing expense of $833,500. What should Trump Co. report as net income in 2021? (AC 15) O $5,134,600 O $16,837,000 O $5,471,300 O $5,808,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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