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A firm has the following information: Sales revenue 100000 Interest revenue 5000 Gain on sale of building 20000 Unrealized loss on decline in AFS securities
A firm has the following information:
Sales revenue | 100000 |
Interest revenue | 5000 |
Gain on sale of building | 20000 |
Unrealized loss on decline in AFS securities | 10000 |
Administrative expense | 10000 |
Operating expenses | 30000 |
Loss on discontinued operation | 20000 |
Cost of goods sold | 40000 |
Discovery of accounting error from last year (overstated last year's net income by 10000 | 10000 |
Ignoring taxes, what is:
- Operating income
- Income from continuing operations
- Net income
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