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Quince Corporation has provided the following information: Operating revenues from customers were $299,550. Operating expenses for the store were $166,500. Interest expense was $13,800. Gain
Quince Corporation has provided the following information:
Operating revenues from customers were $299,550.
Operating expenses for the store were $166,500.
Interest expense was $13,800.
Gain from sale of plant and equipment was $4,950.
Dividend payments to Quince's stockholders were $11,550.
Income tax expense was $54,000.
Prepaid rent was $7,500.
What is the amount of Quince's operating revenues?
A) 132,000
B) 136,950
C) 299,550
D) 304,500
Quince Corporation has provided the following information: - Operating revenues from customers were $299,550. - Operating expenses for the store were $166,500. - Interest expense was $13,800. - Gain from sale of plant and equipment was $4,950. - Dividend payments to Quince's stockholders were $11,550. - Income tax expense was $54,000. - Prepaid rent was $7,500. What is the amount of Quince's operating revenues? Multiple Choice $132,000 $136,950 $299,550 $304,500Step by Step Solution
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