determine the net income of a company for which the following information is available for the month of…

determine the net income of a company for which the following information is available for the month of july. employee salaries expense $180,000 interest expense 10,000 rent expense 20,000 consulting revenue 400,000 multiple choice $190,000. $210,000. $230,000. $400,000. $610,000.

determine the net income of a company for which the following information is available for the month of july. employee salaries expense $180,000 interest expense 10,000 rent expense 20,000 consulting revenue 400,000 multiple choice $190,000. $210,000. $230,000. $400,000. $610,000.

Answer

Explanation:

Step1: Calculate total expenses

$180000 + 10000+20000=210000$

Step2: Calculate net - income

Net income = Revenue - Total expenses. So, $400000 - 210000 = 190000$

Answer:

$190000$