Question
The following data include all the elements from Cambridge Company's income statement: Administrative Expense $872 Cost of Goods Sold 3,627 Gain on Sale of Securities.
The following data include all the elements from Cambridge Company's income statement:
Administrative Expense $872
Cost of Goods Sold 3,627
Gain on Sale of Securities. 623
Income Tax Expense. 1,234
Loss on Discontinued Operations. 1,229
Loss on Disposal of Equipment. 237
Revenue. 8,766
Selling Expense. 1,425
What is the amount of operating income for Cambridge Company?
- $2,842
- $5,139
- $3,228
- $3,465
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
