janemorales
May 29, 2008, 05:50 PM
Compute net income:
CGS 30,000
Interest expense 47,000
Cash 4,500
Retained earnnings 15,000
Sales 150,000
A/P 20,000
Rent Revenue 1,000
Machinery 60,000
Am I computing Net income correctly?
Net Income = 74,000
CGS 30,000
Interest expense 47,000
Cash 4,500
Retained earnnings 15,000
Sales 150,000
A/P 20,000
Rent Revenue 1,000
Machinery 60,000
Am I computing Net income correctly?
Net Income = 74,000