Below are accounts were taken from the books of Enrique Hill Cross School Security Services for April. Given the following data. School Security Income P 380, 000.00 Salaries Expense P 55, 000.00 Rent Expense P 18, 000.00 Utility Expense P 12, 000.00 Supplies Expense P 10, 000.00 Accounts Payable P 25, 000.00 How much is the net loss/net profit of Enrique Hill Cross School Security Services for the month of April? O a. P 500, 000. 00 ОБ. Р385,000. 00 Oc. P475, 000. 00 O d. P 285, 000. 00

Below are accounts were taken from the books of Enrique Hill Cross School Security Services for April. Given the following data. School Security Income P 380, 000.00 Salaries Expense P 55, 000.00 Rent Expense P 18, 000.00 Utility Expense P 12, 000.00 Supplies Expense P 10, 000.00 Accounts Payable P 25, 000.00 How much is the net loss/net profit of Enrique Hill Cross School Security Services for the month of April? O a. P 500, 000. 00 ОБ. Р385,000. 00 Oc. P475, 000. 00 O d. P 285, 000. 00

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 43P

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