The following table shows the annual income statement of Max Computers. Table 22.3
Refer to the Table 22.3.The net income of Max Computers is:
A)$10, 000 million.
B)$25, 000 million.
C)$11, 000 million.
D)$13, 000 million.
E)$12, 500 million.

Question

The following table shows the annual income statement of Max Computers. Table 22.3
 Refer to the Table 22.3.The net income of Max Computers is:
A)$10, 000 million. 
B)$25, 000 million. 
C)$11, 000 million. 
D)$13, 000 million. 
E)$12, 500 million.

Quizplus · Accepted Answer

The net income of Max Computers can be calculated by subtracting the total expenses from the total revenue: $20,000 million - ($5,000 million + $4,000 million) = $11,000 million. Therefore, the correct answer is C. The other options are not correct as they do not reflect the correct net income.

The Following Table Shows the Annual Income Statement of Max