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Net Income from Operations Assignment | Homework For You

Author:
May 30th, 2020

III. Short Exercises

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  1. The items below belong to an income statement.Homework For You

Operating expenses                                               $390,000

Interest expense                                                        30,000

Income taxes                                                             40,000

Miscellaneous expense                                               5,000

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Loss on the sale of a capital asset                             20,000

Gross revenue                                                         550,000

a.   Using the information above, calculate net farm income from operations.  

b.   Using the information above, calculate net farm income.

c.         Using the information above, calculate net income.  Get Finance homework help today

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