Multiple Choice
During 2010, Yoder Enterprises generated revenues of $60,000. The company's expenses were as follows: cost of goods sold of $30,000, operating expenses of $12,000 and a loss on the sale of equipment of $2,000.
Yoder's net income is
A) $60,000.
B) $30,000.
C) $18,000.
D) $16,000.
Correct Answer:
Verified
Correct Answer:
Verified
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