Net income (loss) reported on the income statement for the month of December is
A) €252,000.
B) €180,000.
C) €162,000.
D) €96,000.

Name: Net income (loss) reported on the income statement for the month of December is A) €252,000. B) €180,000. C) €162,000. D) €96,000.
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Question

Quizplus · Accepted Answer

Net income = Sales revenue - Cost of goods sold - Operating expenses - Interest expense + Interest income = €432,000 - €252,000 - €28,000 - €12,000 + €60,000 = €180,000

Net Income (Loss) Reported on the Income Statement for the Month