The following information relates to the operations of Blue Inc. for the year ended 31 December 2022:
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Question:
The following information relates to the operations of Blue Inc. for the year ended 31 December 2022:
Sales revenue $500,000
Cost of goods sold $320,000
Rent expense $50,000
Wages expense $70,000
Interest expense $5,000
Depreciation expense $15,000
Tax expense $8,000
Calculate Blue Inc.'s net income for the year ended 31 December 2022.
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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