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Cake Frosting C Corporation had gross income of $350,000, interest income of $10,000, cost of goods sold of $75,000. entertainment of $10,000, lobbying of $8,000, other expenses of $108,000. What is total income? O $177,000 O $360,000 O $167,000 O $159,000

Cake Frosting C Corporation had gross income of $350,000, interest income of $10,000, cost of goods sold of $75,000. entertainment of $10,000, lobbying of $8,000, other expenses of $108,000. What is total income? O $177,000 O $360,000 O $167,000 O $159,000

FINANCIAL ACCOUNTING
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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Cake Frosting C Corporation had gross income of $350,000, interest income of $10,000, cost of goods sold of $75,000. entertainment of $10,000, lobbying of $8,000, other expenses of $108,000. What is total income? O $177,000 O $360,000 O $167,000 O $159,000
Transcribed Image Text:Cake Frosting C Corporation had gross income of $350,000, interest income of $10,000, cost of goods sold of $75,000. entertainment of $10,000, lobbying of $8,000, other expenses of $108,000. What is total income? O $177,000 O $360,000 O $167,000 O $159,000
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