Answered: Selected accounts are listed below. How…

Selected accounts are listed below. How much is the firm's operating income? accrued payroll $2,000 sales 45,000 cost of goods sold 26,000 interwst expense 1,000 expenses ( other than interest) 8,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.1MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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Question

Selected accounts are listed below. How much is the firm's operating income?

accrued payroll $2,000

sales 45,000

cost of goods sold 26,000

interwst expense 1,000

expenses ( other than interest) 8,000

answer:

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