The Callie Company has provided the following information: Operating expenses were $239,000; Cost of goods sold was $328,000; Net sales were $890,000; Interest expense was $42,000; Gain on sale of a building was $79,000; Income tax expense was $108,000. What was Callie's income from operations (operating income)? Multiple Choice $192,000. О $402,000. $271,000. О $234,000.
The Callie Company has provided the following information: Operating expenses were $239,000; Cost of goods sold was $328,000; Net sales were $890,000; Interest expense was $42,000; Gain on sale of a building was $79,000; Income tax expense was $108,000. What was Callie's income from operations (operating income)? Multiple Choice $192,000. О $402,000. $271,000. О $234,000.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process
Section: Chapter Questions
Problem 23E
Question
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