Homework Answers
Answer :
Net Income will be Option ( A) i.e $ 103
As net income means entity's income minus all the expenses .
So,
Revenue /income - expense
Service Revenue = 188 + Interest Revenue = 29 =$ 217
Less : salary and wages expense = 80 + travel expense = 34 = $114
So ,
Net income = revenue - expense
Net income = $ 217 -$114
= $ 103( answer )
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