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Determine the net income of a company for which the following information is available for the month of July. Employee salaries expense$ 197,000 Interest expense27,000 Rent expense37,000 Consulting revenue468,000



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Answer:

Step-by-step explanation:

Net Income = Tot Income - Expenses

Expenses = 197,000+27000+37000 = 261000

Net Income = 468000 - 261000 = 207000

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