The following is a summary of information presented on the financial statements of a company...
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The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 2024 Net Sales Revenue $608,000 $504,000 Cost of Goods Sold 451,000 405,000 Gross Profit $157,000 $99,000 Selling Expenses 52,000 55,000 Net Income Before Income Tax Expense $105,000 $44,000 Income Tax Expense 36,000 19,000 Net Income $69,000 $25,000 O A. a 176% decrease in net income OB. that net income is 17.6% of net sales revenue O c. a 176% increase in net income D. a $25,000 increase in net income
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