Priyanshu Company has provided the following Information: . Cash sales totaled $255,000. Credit sales totaled...
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Priyanshu Company has provided the following Information: . Cash sales totaled $255,000. • Credit sales totaled $479,000. Cash collectilons from customers for services yet to be provided totaled $88,000. A $22,000 loss from the sale of property and equipment occurred. • Interest Income was $7700. Interest expense was $19,900. Supplies expense was $336,000. Rent expense for the store was $36,000. • Wages expense was $49,000. · Other operating expenses totaled $79,000. . Unearned revenue was $4,000. What is the amount of Priyanshu's Income before Income toxos? Multple Choice O $199,800 2465.800 $531800 $553.800 Priyanshu Company has provided the following Information: . Cash sales totaled $255,000. • Credit sales totaled $479,000. Cash collectilons from customers for services yet to be provided totaled $88,000. A $22,000 loss from the sale of property and equipment occurred. • Interest Income was $7700. Interest expense was $19,900. Supplies expense was $336,000. Rent expense for the store was $36,000. • Wages expense was $49,000. · Other operating expenses totaled $79,000. . Unearned revenue was $4,000. What is the amount of Priyanshu's Income before Income toxos? Multple Choice O $199,800 2465.800 $531800 $553.800
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Answer Rije O ncome bebole taies Revenues Costs Cash sales Credit icales ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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