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The Callie Company has provided the following information: Operating expenses were $231,000; Cost of goods sold was $376,000; Net sales were $940,000; Interest expense was
The Callie Company has provided the following information: Operating expenses were $231,000; Cost of goods sold was $376,000; Net sales were $940,000; Interest expense was $32,000; Gain on sale of investments was $76,000; Income tax expense was $151,000. What was Callie's income from operations (operating income)? Multiple Choice $188,000. $333,000. $156,000. $232,000. What was Callie's income before taxes? Multiple Choice $564,000. $188,000. $377,000. $232,000
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