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aalyn [17]
2 years ago
7

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

se = $800 What is Net Income for Tanger Company?
Business
1 answer:
nirvana33 [79]2 years ago
6 0

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

<h3><u>Net Income</u> </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

<u>Expenses</u>

Rent Expense             $2,000

Salaries Expense        $1,200

Utilities Expense         <u>$800</u>       <u>$4,000</u>

Net Income                                 <u>$6,000</u>

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

Read more about Net Income

<em>brainly.com/question/15530787</em>

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Please see attachment

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