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    Principles of Accounting
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    Exam 14: The Corporate Income Statement and the Statement of Stockholders Equity
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    The Following Facts Pertain to Montecello Corporation for 2010
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The Following Facts Pertain to Montecello Corporation for 2010

Question 79

Question 79

Multiple Choice

The following facts pertain to Montecello Corporation for 2010: The following facts pertain to Montecello Corporation for 2010:   Based on the above facts, net income for 2010 for Montecello Corporation amounted to A)  $166,000. B)  $146,000. C)  $186,000. D)  $206,000. Based on the above facts, net income for 2010 for Montecello Corporation amounted to


A) $166,000.
B) $146,000.
C) $186,000.
D) $206,000.

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