Which of the following combinations results does not result in the same amount of net income reported on the income statement?
A. Total revenues of $170,000 and total expenses of $150,000.
B. Total revenues of $60,000 and total expenses of $40,000.
C. Total revenues of $40,000 and total expenses of $20,000.
D. Total revenues of $80,000 and total expenses of $60,000.
E. Total revenues of $70,000 and total expenses of $60,000.
Answer: E
You might also like to view...
Four principal types of corruption are discussed. Name all four and explain at least two
To settle debts of general partnerships and sole proprietorships, creditors have a claim on the owners' business and personal assets
Indicate whether the statement is true or false
The quality-based ISO certification is?
a. ISO 9000 b. ISO 10000 c. ISO 12000 d. ISO 14000
Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest
If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Tillie?