Solved

If Income Is $180 000, Rent Expense Is $120 000

Question 50

Multiple Choice

If income is $180 000, rent expense is $120 000 and advertising expense is
$10 500, profit or loss is which of the following?

A) $300 500 profit
B) $49 500 profit
C) $49 500 loss
D) $300 500 loss

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