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The following data includes all the elements from Cecil income statement: Selling and Administrative Expenses $1,000 Loss on Disposal of Equipment 150 Sales 3,500 Interest
The following data includes all the elements from Cecil income statement:
Selling and Administrative Expenses $1,000
Loss on Disposal of Equipment 150
Sales 3,500
Interest Revenue 300
Cost of Goods Sold 1,200
Income Tax Expense 200
Loss from Discontinued Operations 310
- What is the amount of income from continuing operations?
A. $1,250
B. $1,450
C. $1,400
D. $940
I know the correct answer, but need to know how to get there.
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