What was Callie's income from operations?
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· Operating expenses were $231,000;
· Cost of goods sold was $376,000;
· Net sales were $940,000;
· Interest expense was $32,000;
· Gain on sale of a building was $76,000;
· Income tax expense was $151,000.
What was Callie's income from operations?
d)$232,000
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- Johnson, Incorporated had the following transactions during the year: Purchased a building for $5,000,000 using a mortgage for financing Paid $2,000 for ordinary repair on a piece of equipment Sold product on account to customers for $1,500,600 Purchased a copyright for $5,000 cash Paid $20,000 cash to add a storage shed in the corner of an existing building Paid $360,000 in monthly salaries Paid $25,000 for routine maintenance on equipment Paid $110,000 for major repairs If all transactions were recorded properly, what amount did Johnson capitalize for the year, and what amount did Johnson expense for the year?Denali Limited, a manufacturing company, had the following income statement information: Revenue $4,000,000 Cost of goods sold $3,000,000 Other operating expenses $ 500,000 Interest expense $ 100,000 Tax expense $ 120,000 Denali’s gross profi t is equal to B . $500,000classy clocks ltd had sales of $1,840,000 . Cost of goods sold, administrative and selling expenses. and depreciation expenses were 1,180,000, 185,000 and 365,000 respectively. IN addition the company had an interest expense of 280,000 and a tax of 35 percent what is the OCF
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