Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
Awnser would be D for plato
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<span>Potential sources of error for bmi come from measurement errors. BMI is calculated by your height and weight. If the height is calculated by seeing how tall you are and measured by inches. If you are not standing straight and slouch you height measurement is not accurate. Weight is measured on a scale in pounds. One must remove clothes to get an accurate weight. If any of these measurements are off, the bmi will not correct.</span>