Finding the net income, Tonga Industries reported the

Finding the net income

Assignment Help Accounting Basics

Reference no: EM13155205

Tonga Industries reported the following:

Net Sales $450,000

Cost of goods sold $360,000

Operating expenses $60,000

Tax Rate 40%

The net income is:

A. $180,000.

B. $ 30,000.

C. $ 18,000.

D. $ 12,000

Reference no: EM13155205

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