Assume That Wu Company Earned $15,000 Cash Revenue and Incurred

Multiple Choice

Assume that Wu Company earned $15,000 cash revenue and incurred $9,500 in cash expenses in 2015. Using straight-line depreciation and assuming that the office equipment was sold on 12/31/15 for $8,000, the amount of net income or (loss) appearing on the December 31, 2015 income statement would be:

A) ($3,300) .
B) $300.
C) $2,700.
D) $3,100.