Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Under current accounting principles,how is net income
Q55: Which one of the following sections is
Q73: Cory Harper, a newly hired accountant, wanted
Q93: The statement of cash flows,like the income
Q94: Ficus Company calculated the following amounts concerning
Q97: Potential stockholders and lenders are interested in
Q132: An independent auditor's (CPA's)report is a guarantee
Q157: Which of the following represents one of
Q177: How is a classified balance sheet useful
Q181: On the statement of cash flows,the _