Hoxie Inc is an advertising agency and has the following data for the most recent year.Using this data determine Hoxie's net income.What does the net income represent?
Revenues from Fees $855,000
Cash $25,000
Utilities Expense $52,000
Building $900,000
Notes Payable $300,000
Salaries Expense $125,000
Office Supplies $10,000
Interest Expense $30,000
Office Equipment $200,000
Administrative Expense $75,000

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The Answer of Hoxie Inc is an advertising agency and has the following data for the most recent year.Using this data determine Hoxie's net income.What does the net income represent?
Revenues from Fees $855,000
Cash $25,000
Utilities Expense $52,000
Building $900,000
Notes Payable $300,000
Salaries Expense $125,000
Office Supplies $10,000
Interest Expense $30,000
Office Equipment $200,000
Administrative Expense $75,000

Hoxie Inc Is an Advertising Agency and Has the Following