Question
Financial information is presented below: Operating expenses $ 18,000 Net sales 150,000 Interest revenue 1,500 Interest expense 10,000 Income tax expense 500 Cost of goods
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Financial information is presented below: Operating expenses $ 18,000 Net sales 150,000 Interest revenue 1,500 Interest expense 10,000 Income tax expense 500 Cost of goods sold 98,000 The amount of income from operations on the multi-step income statement would be
$52,000.
$25,500.
$34,000.
$52,000.
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
