Given the following data for H. Potter Corporation for the year ended December 31, 2016: • • • • Consulting fees revenue: $200,000 Rent expense: $22,500 Supplies expense: $34,700 Advertising expense: $39,200 Income tax expense: $28,000 What is the net income for the year?

Given the following data for H. Potter Corporation for the year ended December 31, 2016: • • • • Consulting fees revenue: $200,000 Rent expense: $22,500 Supplies expense: $34,700 Advertising expense: $39,200 Income tax expense: $28,000 What is the net income for the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

hi expert please help me accounting question

Given the following data for H. Potter Corporation for the year
ended December 31, 2016:
•
•
•
•
Consulting fees revenue: $200,000
Rent expense: $22,500
Supplies expense: $34,700
Advertising expense: $39,200
Income tax expense: $28,000
What is the net income for the year?

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