Sales-P1,000,000 Cost of Sales-P500,000 Rental Expenses-P50,000 Salaries Expenses-P40,000 Utilities expense-P10,000 Cash-$25,000 Account Receivable-P15,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sales-P1,000,000
Cost of Sales-P500,000
Rental Expenses-P50,000
Salaries Expenses - P40,000
Utilities expense - P10,000
Cash-25,000
Account Receivable-P15,000
What is the net Income of ASG Corporation?
O P360,000
O P425,000
O P400,000
O P440,000
Transcribed Image Text:Sales-P1,000,000 Cost of Sales-P500,000 Rental Expenses-P50,000 Salaries Expenses - P40,000 Utilities expense - P10,000 Cash-25,000 Account Receivable-P15,000 What is the net Income of ASG Corporation? O P360,000 O P425,000 O P400,000 O P440,000
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