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Author Question: Using the following information, what is the amount of net income? Purchases 32,000 Selling expense ... (Read 52 times)

vicotolentino

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on: Jul 5, 2018
Using the following information, what is the amount of net income? Purchases 32,000 Selling expense  960 Merchandise inventory, September 1 5,700 Merchandise inventory, September 30 6,370 Administrative expense 910 Sales 63,000 Rent revenue 1,200 Interest expense 1,040
 a. 29,800
  b. 29,960
  c. 28,760
  d. 31,670

Question 2

The cost of borrowing money from a creditor is called the principal of the loan.
 
  Indicate whether the statement is true or false


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Pswine

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

FALSE


vicotolentino

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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