CFA Level 1
Financial Reporting and Analysis
Jackson Corp Income Statement Analysis
Hard Financial Statements Income Statement
In reviewing the annual income statement of Jackson Corp, you note the following highlights for the fiscal year ending December 31, 2023:
- Total Revenue: $980,000
- Cost of Goods Sold (COGS): $650,000
- Operating Expenses: $250,000
- Interest Expense: $30,000
- Tax Expense: $20,000
Based on this information, which of the following represents the net income reported by Jackson Corp for the fiscal year?
Hint
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