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A business has revenue of $590,000, cost of goods sold of $210,000, operating expenses of $140,000, and pays $65,000 in What is the net income? A) $85,000 B) $100,000 C) $175,000 D) $200,000 taxes.

A business has revenue of $590,000, cost of goods sold of $210,000, operating expenses of $140,000, and pays $65,000 in What is the net income? A) $85,000 B) $100,000 C) $175,000 D) $200,000 taxes.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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What is the net income ?

A business has revenue of $590,000, cost of goods sold of $210,000, operating expenses of $140,000, and pays $65,000 in What is the net income? A) $85,000 B) $100,000 C) $175,000 D) $200,000 taxes.
Transcribed Image Text:A business has revenue of $590,000, cost of goods sold of $210,000, operating expenses of $140,000, and pays $65,000 in What is the net income? A) $85,000 B) $100,000 C) $175,000 D) $200,000 taxes.
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