Question
Consider the following year-end information for a company: Cost of goods sold $ 420,000 Sales revenue 800,000 Nonoperating expenses 10,000 Operating expenses 170,000 Income tax
Consider the following year-end information for a company:
| Cost of goods sold | $ | 420,000 |
| Sales revenue | 800,000 | |
| Nonoperating expenses | 10,000 | |
| Operating expenses | 170,000 | |
| Income tax expense | 80,000 | |
What amount will the company report for operating income?
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$200,000
-
$210,000
-
$380,000
-
$120,000
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
