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Cobalt Co'S Income Statement Shows Service Revenue of $64,000,Salaries and Wages

Question 34

Multiple Choice

Cobalt Co.'s income statement shows Service Revenue of $64,000,Salaries and Wages Expense of $40,000 and net income of $1,600.The other expenses on Cobalt's income statement must equal:


A) $22,400.
B) $24,000.
C) $105,600.
D) $25,600.

Correct Answer:

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