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Dolby Corporation has provided the following information: . . Operating revenues from customers were $212,700. Operating expenses for the store were $124,000. Interest expense was
Dolby Corporation has provided the following information: . . Operating revenues from customers were $212,700. Operating expenses for the store were $124,000. Interest expense was $9,200. Gain from sale of plant and equipment was $4,200. Dividend payments to Dolby's stockholders were $8,200. .Income tax expense was $42,000. . Prepaid rent was $5,200. How much was Dolby's net income? Multiple Choice $33,500 $42,700 $41,700 $46,700
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