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3 years ago

Income before any of the following items is $500,000. (All numbers are net of taxes.)

Business

1 answer:

Alinara [238K]3 years ago

8 0

Answer:

The correct option is d. $300,000

Explanation:

The computation of the net income is shown below:

= Income before adjustments + unrealized gain on trading securities - realized loss on discontinued operations

= $500,000 + $200,000 - $400,000

= $300,000

hence, the net income is $300,000

The correct option is d. $300,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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