The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014: What is the company's net income for the year ending December 31, 2014?
A) ¥399,000
B) ¥126,000
C) ¥84,000
D) ¥36,000

Question

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014:  What is the company's net income for the year ending December 31, 2014?
A) ¥399,000 
B) ¥126,000 
C) ¥84,000 
D) ¥36,000

Quizplus · Accepted Answer

The company's net income can be calculated as follows:
Net Income = Revenue - Expenses
Net Income = ¥2,205,000 - (¥1,965,000 + ¥70,000 + ¥44,000)
Net Income = ¥2,205,000 - ¥2,079,000
Net Income = ¥126,000
Therefore, the correct answer is B (¥126,000).

The Following Items (In Thousands) Are Taken from the Financial