Multiple Choice
Use this information to answer the following question.
In addition, beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.
Net income for the period was
A) $173,000.
B) $93,000.
C) $63,000.
D) $203,000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q132: Under the perpetual inventory system<br>A)the cost of
Q133: Which of the following activities is not
Q134: Compute the dollar amount of the items
Q135: When the terms of sale include a
Q136: Interest paid on debt would be entered
Q138: The collection of a $2,000 account beyond
Q139: When the terms are FOB destination,the title
Q140: Upon making a credit card sale,a business
Q141: If a retailer makes a sale of
Q142: Ending merchandise inventory is not included in