Use the following information to calculate the company's accounting net income for the year.
A) $300,000
B) $240,000
C) $125,000
D) $120,000

Question

Use the following information to calculate the company's accounting net income for the year. 
A) $300,000 
B) $240,000 
C) $125,000 
D) $120,000

Quizplus · Accepted Answer

The given document shows that the company had $500,000 in revenue and $260,000 in expenses, resulting in a gross profit of $240,000. Since no other income or expenses are listed, this would be the accounting net income for the year.

Use the Following Information to Calculate the Company's Accounting Net