Question

given are the revenues and expenses compute for the net income


revenue-Php 95,000
salaries expenses-Php 5,000
transportation expense- Php 15 000
rent expense-Php 3,000
comprehensive income- Php 8,000
​

Answer 1

The net income is Php 72,000

Explanation:

Since comprehensive income is containing net income and unrealized income we cannot used it on computing the net income.

Net Income = Revenue - Expenses

The total expenses equals to Php 23,000 then we will just subtract it to the revenue which amounts to Php 95,000

The answer is Php 72,000