Question
During 2018, Concord Enterprises generated revenues of $97000. The company's expenses were as follows: cost of goods sold of $43000, operating expenses of $15000, and
During 2018, Concord Enterprises generated revenues of $97000. The company\\\'s expenses were as follows: cost of goods sold of $43000, operating expenses of $15000, and a loss on the sale of equipment of $2900. Concords income from operations is
a. $97000
b. $43000
c. $15000
d. $39000
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
