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Income Statement data for Lisa Enterprises is as follows:  Professional fee income is RO 20000; advertising expense is RO 4000; salaries expense is RO 6000; electricity expense is RO 2000. If RO 3000 was withdrawn by the owner from the business, what is the net profit for the company?   Select one: a. RO 11000 b. RO 5000 c. RO 8000 d.  RO 20000

Income Statement data for Lisa Enterprises is as follows:  Professional fee income is RO 20000; advertising expense is RO 4000; salaries expense is RO 6000; electricity expense is RO 2000. If RO 3000 was withdrawn by the owner from the business, what is the net profit for the company?   Select one: a. RO 11000 b. RO 5000 c. RO 8000 d.  RO 20000

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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Income Statement data for Lisa Enterprises is as follows:  Professional fee income is RO 20000; advertising expense is RO 4000; salaries expense is RO 6000; electricity expense is RO 2000. If RO 3000 was withdrawn by the owner from the business, what is the net profit for the company?


 

Select one:
a.
RO 11000
b. RO 5000
c.
RO 8000
d.
 RO 20000
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