Tanger Company had the following data: Service Revenue = $10,000 Rent Expense = $2,000 Salaries Expense = $1,200 Utilities Expen

Question

2 years ago

7

se = $800 What is Net Income for Tanger Company?

1 answer:

nirvana33 [79] · Answer 1 · 2023-01-07T13:46:07+03:00

The Net Income for Tanger Company will be $6,000.

<h3>Net Income </h3>

Net Income means the the cost of sales, less cost of goods sold, general expenses, taxes, interest etc

Particulars Amount

Service Revenue $10,000

Expenses

Rent Expense $2,000

Salaries Expense $1,200

Utilities Expense $800 $4,000

Net Income $6,000

In conclusion, the Net Income for Tanger Company will be $6,000.