Answered: A company reports net sales of OMR…

A company reports net sales of OMR 60,000, cost of goods sold is OMR 35,000, operating expenses is 15,000. Compute net income OMR 25,000 OMR 40,000 OMR 10,000 OMR 45,000

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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Question

A company reports net sales of OMR 60,000, cost
of goods sold is OMR 35,000, operating expenses
is 15,000. Compute net income
OMR 25,000
OMR 40,000
OMR 10,000
OMR 45,000

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