Use the following information to answer:
The following information was taken from the records of Rectangle Corporation for the year ended December 31, 2019.

-The net income reported by Rectangle Corporation for the year ended December 31, 2019 was:

Question

Use the following information to answer:
The following information was taken from the records of Rectangle Corporation for the year ended December 31, 2019.
 
-The net income reported by Rectangle Corporation for the year ended December 31, 2019 was:

Quizplus · Accepted Answer

Net income = Revenue - Expenses
($600,000 - ($120,000 + $78,000 + $70,200 +$101,400) = $230,400)

Use the Following Information to Answer