A company has the following financial information for the year 2022: Revenue: $500,000 Cost of goods sold:
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Question:
A company has the following financial information for the year 2022:
- Revenue: $500,000
- Cost of goods sold: $200,000
- Operating expenses: $100,000
- Interest expense: $10,000
- Income tax rate: 25%
Calculate the company's net income for the year 2022.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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