During 2022, Sunland Enterprises generated revenues of $101000. The company's expenses were as follows: cost of goods sold of $50000, operating expenses of $18000 and a loss on the sale of equipment of $3000. Sunland's net income is O $101000. O $30000. O $50000. O $33000.

During 2022, Sunland Enterprises generated revenues of $101000. The company's expenses were as follows: cost of goods sold of $50000, operating expenses of $18000 and a loss on the sale of equipment of $3000. Sunland's net income is O $101000. O $30000. O $50000. O $33000.

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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Alpesh

During 2022, Sunland Enterprises generated revenues of $101000. The company's expenses were as follows: cost of goods sold of
$50000, operating expenses of $18000 and a loss on the sale of equipment of $3000.
Sunland's net income is
O $101000.
O $30000.
O $50000.
O $33000.

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