Question
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. Tenisa's friend Carma owns a floral shop, Petunias &...
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Tenisa's friend Carma owns a floral shop, Petunias & Petals. Carma does the bookkeeping herself
and is working on creating an income statement. The company has the following account balances
at the end of the year: Interest Expense $45,000
Other Non-Operating Income $58,000
Cost of Goods Sold $404,000
Administrative Expenses $45,000
Revenues $542,000
Income Taxes $16,000
Marketing Expenses $30,000
Depreciation Expense $2,000 What is the company's net income?
Answer & Explanation
Solved by verified expertAnswered by AngelicaLachimolala on coursehero.com
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