Accounting for IGCSE & O level - Final Statements (Section 11 - No. 9)
If a company's sales revenue is $50,000, its cost of goods sold is $20,000, and its operating expenses are $10,000, what is the company's net income?
$20,000
$30,000
$10,000
$20,000
Объяснение
Net Income = Sales Revenue - COGS - Operating Expenses = $50,000 - $20,000 - $10,000 = $20,000