Multiple Choice
Net sales of Thomas Company is $180,600, cost of goods sold is $144,400, selling expenses are $15,200, general expenses are $22,600, and interest expense is $1,500. Which of the following is the net income (loss) of Thomas Company?
A) $3,100
B) $36,200
C) $(1,600)
D) $13,600
E) $(3,100)
Correct Answer:
Verified
Correct Answer:
Verified
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