商业财务第 1208 / 1605 题
A contractor's income statement shows revenue $400,000, cost of goods sold $280,000, and operating expenses $90,000. What is net income?
a.$10,000
b.$310,000
c.$120,000
d.$30,000
解析
Gross profit = revenue - COGS = $400,000 - $280,000 = $120,000. Net income = gross profit - operating expenses = $120,000 - $90,000 = $30,000.
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