
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Hi expert please give me answer general accounting question

Transcribed Image Text:During the fiscal year ended 2023, Sunrise Corporation had revenues of $750,000, cost of
goods sold of $450,000, operating expenses of $125,000, and an income tax rate of 25%
on income before income taxes.
What was Sunrise Corporation's 2023 net income?
a. $300,000
b. $175,000
c. $131,250
d. $43,750
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