Solution of this Question A company's revenue is $150,000, and it incurs $40,000 inoperating expenses and $20,000 in taxes. What is the netincome?

Explanation of Revenue: Revenue is the total income a company generates from its core business…

Answered: A company's revenue is $150,000, and it…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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A company's revenue is $150,000, and it incurs $40,000 in operating expenses and $20,000 in taxes. What is the net income?