Skip to main content

Single-step Income Statement

4. Merchandising Operations / Single-step Income Statement / Problema 8

Problema 8

A company has wage expense of \$40,000, interest expense of \$5,000, and cost of goods sold of \$100,000. What is the total expense?

A

\$145,000

B

\$140,000

C

\$135,000

D

\$150,000