Skip to main content
Financial Accounting
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Back
Single-step Income Statement
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Single-step Income Statement
Download worksheet
Practice
Summary
Previous
5 of 10
Next
4. Merchandising Operations / Single-step Income Statement / Problem 5
Problem 5
A company has total revenues of \$600,000 and total expenses of \$450,000. What is the net income?
A
\$100,000
B
\$250,000
C
\$200,000
D
\$150,000
AI tutor
0
Show Answer