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During August, 2008, Sal's Supply Store generated revenues of $30,000. The company's expenses were as follows: cost of goods sold of $12,000 and operating expenses
During August, 2008, Sal's Supply Store generated revenues of $30,000. The company's expenses were as follows: cost of goods sold of $12,000 and operating expenses of $2,000. The company also had rent revenue of $500 and a gain on the sale of a delivery truck of $1,000. 136. Sal's nonoperating income (loss) for the month of August, 2008 is a. $0. b. $500. c. $1,000. d. $1,500
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