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Deal Mart the 2014 Income Statement of Deal Mart Shows

Question 95

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Deal Mart The 2014 income statement of Deal Mart shows operating revenues of $130,800,selling expenses of $37,100,general and administrative expenses of $34,900,interest expense of $900,and income tax expense of $11,430.Deal Mart's stockholders' equity was $280,000 at the beginning of the year and $320,000 at the end of the year.The company has 20,000 shares of stock outstanding at December 31,2014.
Read the information about Deal Mart.What is Deal Mart's net income?


A) $80,000
B) $92,190
C) $130,800
D) $46,470

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