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QUESTION
1. During the fiscal year ended 2010, a company had revenues of $400,000, expenses of $280,000, and an income tax rate of 30 percent. What was the
1. During the fiscal year ended 2010, a company had revenues of $400,000, expenses of $280,000, and an income tax rate of 30 percent. What was the company's 2010 net income? A. $120,000B. $36,000C. $84,000D. $400,000
