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Compute operating income for Jonas Company based on the following data: Line Item Description Amount Sales $764,000 Operating expenses 52,500 Cost of goods sold 538,000
Compute operating income for Jonas Company based on the following data:
| Line Item Description | Amount |
|---|---|
| Sales | $764,000 |
| Operating expenses | 52,500 |
| Cost of goods sold | 538,000 |
a. $226,000
b. $711,500
c. $485,500
d. $173,500
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
