Refer to the Savoy Corporation Income Statement Accounts. What is the net income for the Savoy Corporation for 2014?
A) $135,900
B) $272,000
C) $261,100
D) $345,000
Answer: A
Explanation: A) $836,000 - $345,000 - $93,000 - $126,000 -$79,000 - $57,100 = $135,900.
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