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Chyna Corporation Has the Following Income Statement for the Year

Question 59

Multiple Choice

Chyna Corporation has the following income statement for the year ended December 31, 2012: Chyna Corporation has the following income statement for the year ended December 31, 2012: Given this information, if ending inventory was $10,000 instead of $12,000, net income would be A) $18,000 B) $22,000 C) $20,000 D) None of theseGiven this information, if ending inventory was $10,000 instead of $12,000, net income would be


A) $18,000
B) $22,000
C) $20,000
D) None of these

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