During the three months of this quarter,Asbar,Inc.,has generated service revenues of $16,500,$21,000,and $43,800,respectively.The cost of providing the services is $3,600,$6,000,and $9,400,respectively.In addition,salaries and wages for the quarter total $17,900 while general administrative expenses total $14,300.The company also earned interest revenue of $6,900 and incurred income taxes of $7,400.Net income for the quarter is:
A)$15,800.
B)$30,100
C)$29,600.
D)$22,700.

Question

Quizplus · Accepted Answer

(16,500 + 21,000 + 43,800 + 6,900)- (3,600 + 6,000 + 9,400 + 17,900 + 14,300 + 7,400)
= 88,200 - 58,600 = 29,600.

During the Three Months of This Quarter,Asbar,Inc