Answered: XYZ Corporation reported a net income…

XYZ Corporation reported a net income of $65,000 for the fiscal year. The company's total expenses during this period were $195,000. What was XYZ Corporation's total revenue for the fiscal 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

General accounting

XYZ Corporation reported a net income of $65,000 for the fiscal year.
The company's total expenses during this period were $195,000.
What was XYZ Corporation's total revenue for the fiscal year?

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