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What is the value of gross income

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Question

Suppose Siam Traders has the following revenue and expenses for 2018:

Revenues of $7,800,000

Cost of Goods Sold of $1,560,000

Depreciation Expenses of $1,200,000

Income Taxes of $1,560,000

Interest Expenses of $60,000

Other Expenses of $300,000

Sales, General, & Administrative Expenses of $780,000

Create an income statement with amounts in thousands

What is the value of Gross Income?

Please specify your answer in the same units as the income statement.

 

Reference no: EM132408507

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