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The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:
Rails Division Locomotive Division Corporate Total Cost of goods sold $45,200 $29,300 Direct operating expenses 26,900 20,900 Sales 94,500 65,400 Interest expense $2,000 General overhead 18,300 Income tax 4,500 The income from operations for the Locomotive Division is
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