Selected items from Mini Move Inc.'s December 31 audited financial statements are as follows: Statement of income:
Fantastic news! We've Found the answer you've been seeking!
Question:
Selected items from Mini Move Inc.'s December 31 audited financial statements are as follows:
Statement of income:
2017 2016
Income $200,000 $180,000
Profit before taxes $30,000 $25,000
Net Income $24,000 $20,000
Balance sheet:
Accounts receivable $12,000 $11,000
Accounts payable $7,000 $4,000
Deferred revenue $500 $200
What will be Mini Move's net income for tax purposes in 2017?
Related Book For
Posted Date: