3. Given the following information interest income 15000, interest expense 9000, total assets 5050, security losses or gain 220, earning assets 3500, total liabilities 4302, tax 450 percent, shares of common stock outstanding 740, non-interest income 2500, non-interest expense 3700 and provision for loan losses 700. what is the net income after tax? 5280 4590 O 3870 O 3650

Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
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3. Given the following information interest income 15000, interest expense 9000, total assets 5050,
security losses or gain 220, earning assets 3500, total liabilities 4302, tax 450 percent, shares of
common stock outstanding 740, non-interest income 2500, non-interest expense 3700 and
provision for loan losses 700. what is the net income after tax?
5280
O 4590
3870
O 3650
Transcribed Image Text:3. Given the following information interest income 15000, interest expense 9000, total assets 5050, security losses or gain 220, earning assets 3500, total liabilities 4302, tax 450 percent, shares of common stock outstanding 740, non-interest income 2500, non-interest expense 3700 and provision for loan losses 700. what is the net income after tax? 5280 O 4590 3870 O 3650
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