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zimovet [89]
3 years ago
5

A company reports the following information as of December 31st:

Business
1 answer:
stepan [7]3 years ago
6 0

Answer:

The company will report $115,000

Explanation:

Giving the following information:

Sales revenue= 350,000

Cost of goods sold= (150,000)

Gross profit= 200,000

Operating expenses= (110,000)

Net operating income= 90,000

Foreign currency translation gain= 25,000

Net income= 115,000

The company will report $115,000

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4 years ago
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