ABC Co. Had the following account balances Sales SAR 120,000 Cost of goods...
90.2K
Verified Solution
Link Copied!
Question
Accounting
ABC Co. Had the following account balances
Sales
SAR 120,000
Cost of goods sold
60,000
Salary expense
10,000
Depreciation expense
20,000
Dividend revenue
4,000
Utilities expense
8,000
Rental revenue
20,000
Interest expense
12,000
Sales returns
11,000
Advertising expense
13,000
?What is the net income before taxes
SAR49,000
SAR12,000
SAR 35,000
SAR10,000
ABC Co. Had the following account balances
Sales
SAR 120,000
Cost of goods sold
60,000
Salary expense
10,000
Depreciation expense
20,000
Dividend revenue
4,000
Utilities expense
8,000
Rental revenue
20,000
Interest expense
12,000
Sales returns
11,000
Advertising expense
13,000
?What is the net income before taxes
SAR49,000
SAR12,000
SAR 35,000
SAR10,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.