During August, 2010, Joe's Supply Store generated revenues of $30,000. The company's expenses were as follows: cost of goods sold of $12,000 and operating expenses of $2,000. The company also had rent revenue of $500 and a gain on the sale of a delivery truck of $1,000.
Joe's net income for August, 2010 is
$18,000.
$17,500.
$16,500.
$16,000
Joe's net income for August, 2010 was $17,500.
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Asked 11/18/2011 9:53:46 PM
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