In an income statement. If the income earned is 523,200 and the expenses incurred is 123,000 the result of the operation is
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In an income statement. If the income earned is 523,200 and the expenses incurred is 123,000 the result of the operation is
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- In an income statement. If the income is 426,000 and the expenses is 500,000. The result of operation isCrow inc. had revenues of $45,000 and net income of $3,400. What are the company's expenses ?If operations for an accounting period resulted in revenue earned of $200,000 and expenses incurred of $175,000, what is the net income or (net loss) for the period? Group of answer choices $375,000 net income $125,000 net loss $25,000 net income $200,000 net income
- If total liabilities amount to P2,196,000 which is 60% of the total assets, then _____ is the total assets of the business.At the end of the first month of operations for FDNACCT, the business had earned P140,500 of revenues and incurred P71,500 of expenses. It also showed the following: Liabilities: P25,000 Assets: P118,000 How much is the owner’s initial investment?A company's net income for the year is $150,000, total revenue is $800,000, and total expenses are $600,000. Calculate the company's profit margin.
- Prepare a comprehensive income for the following independent transactions 1. Service revenue 95,000 salaries expense 5,000 transportation expense 15,000 rent expense 20,000 utilities expense 3,000 other comprehensive income 8,000 2. Salaries expense 25,000 transportation expense 1,000 rent expense 10,000 utilities expense 5,000 and service revenue 40,000Chou Company has a net income of $52,000, assets at the beginning of the year are $259,000 and assets at the end of the year are $309,000. Compute its return on assets.