The following data include all the elements from Cambridge Company's income statement: Administrative Expense Cost of Goods Sold Gain on Sale of Securities $873 3,628 623 1,234 1,229 237 8,770 1,425 Income Tax Expense Loss on Discontinued Operations Loss on Disposal of Equipment Revenue Selling Expense What is the amount of income from continuing operations for Cambridge Company? O A. $1,996 B. $3,230 O C. $3,467 O D. $2,607

The following data include all the elements from Cambridge Company's income statement: Administrative Expense Cost of Goods Sold Gain on Sale of Securities $873 3,628 623 1,234 1,229 237 8,770 1,425 Income Tax Expense Loss on Discontinued Operations Loss on Disposal of Equipment Revenue Selling Expense What is the amount of income from continuing operations for Cambridge Company? O A. $1,996 B. $3,230 O C. $3,467 O D. $2,607

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E

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