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Inspired
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Joined: 01 Nov 2009
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Posted: 20 Nov 2009 at 11:25 \| IP Logged

For the Sim 1 (Indirect method) in the Wiley book. How do you get the Net Income or is it listed somewhere that I cant find?

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lkbcpa2b
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Joined: 07 Nov 2009
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Posted: 20 Nov 2009 at 12:00 \| IP Logged

Inspired wrote:

For the Sim 1 (Indirect method) in the Wiley book. How do you get the Net Income or is it listed somewhere that I cant find?

You have to calculate it: 2,420,000-1,863,000-220,000+14,000-46,000-88,000-7,000+90,00 0-105,000=195,000

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