2013年10月19日星期六

How do you find net income?!?

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The following information appeared in the financial statements prepared by MaxCorp on December 21, 2012 in dollars:


Cash: 32,492

Accounts Receivable: 54,100

Inventory: 74, 621

Plant and Equipment 325, 182

Accumulated Depreciation: 76,027

Accounts payable: 40,244

Wages Payable: 4,680

Taxes Payable: 8,874

Bonds Payable: 189,844

Common stock: 96,359

Sales: 424,672

Cost of goods sold: 259,769

Selling Expenses: 59,212

Rent Expenses: 45,393

Interest Expenses: 24,974

Income Tax Expenses: 11,666


How much was the Net Income?


The answer is 23, 658.


But can you help me tell me which numbers you used?


10 points!!!

How do you find net income?!?

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