The following is selected information from Sunland Corporation for the fiscal year ending December 31, 2022....
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The following is selected information from Sunland Corporation for the fiscal year ending December 31, 2022. Cash received from customers $328000 Revenue recognized 514000 Cash paid for expenses 315000 Cash paid for computers on January 2 (annual depreciation is $22000) 90000 Expenses incurred (excluding any depreciation) 345000 Proceeds from bank loan 122000 Owner drawings 67000 What is Sunland Corporation's net income for the year ending December 31, 2022? O $22000. O $147000. O $179000. O $269000. The following is selected information from Sunland Corporation for the fiscal year ending December 31, 2022. Cash received from customers $328000 Revenue recognized 514000 Cash paid for expenses 315000 Cash paid for computers on January 2 (annual depreciation is $22000) 90000 Expenses incurred (excluding any depreciation) 345000 Proceeds from bank loan 122000 Owner drawings 67000 What is Sunland Corporation's net income for the year ending December 31, 2022? O $22000. O $147000. O $179000. O $269000.
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Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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