Income Statement data for Lisa Enterprises is as follows: Professional fee income is RO 20000; advertising...
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Income Statement data for Lisa Enterprises is as follows: Professional fee income is RO 20000; advertising expense is RO 4000; salaries expense is RO 6000; electricity expense is RO 2000. If RO 3000 was withdrawn by the owner from the business, what is the net profit for the company? Select one: a. RO 20000 b. RO 11000 c. RO 5000 d. RO 8000 Income Statement data for Lisa Enterprises is as follows: Professional fee income is RO 20000; advertising expense is RO 4000; salaries expense is RO 6000; electricity expense is RO 2000. If RO 3000 was withdrawn by the owner from the business, what is the net profit for the company? Select one: a. RO 20000 b. RO 11000 c. RO 5000 d. RO 8000
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Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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