What is biodynes net income in 2020

Reference no: EM133542091

Question: Biodyne Corp. sold a patent to a pharmaceutical company for $2.5 million in 2020. The patent had a book value of $1 million on Biodyne's balance sheet at the time of the sale. Biodyne also had $6 million in cash sales, and $2 million in cash expenses during 2020. What is Biodyne's net income in 2020?

Reference no: EM133542091

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