Question: Given the solution and accounting question ABC Company reported total revenues of $920,000, total expenses of $610,000, and income tax expense of $78,000 for the

Given the solution and accounting question

ABC Company reported total revenues of $920,000, total expenses of $610,000, and income tax expense of $78,000 for the year. What is the company's net income for the year? A) $232,000 B) $310,000 C) $842,000 D) $198,000

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