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The accounting information for a profit center of Piranha Inc. for the year ended December 31, 20Y7 is as follows: Revenues $500,000 Operating Expenses $200,000
The accounting information for a profit center of Piranha Inc. for the year ended December 31, 20Y7 is as follows: Revenues $500,000 Operating Expenses $200,000 Service department charges: Purchasing $25,000 Payroll accounting $60,000 Legal $10,000 Based on the given information, calculate the operating income of the profit center. a.$205,000 b.$95,000 c.$300,000 d.$150,000
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