If a company reported the following items on its income statement (cost of goods sold $6,000, income
Question:
If a company reported the following items on its income statement (cost of goods sold $6,000, income tax expense $2,000, interest expense $500, operating expenses $3,500, sales revenue $14,000), what amount would be reported for the subtotal “income from operations”?
a. $8,000
b. $2,000
c. $4,500
d. $4,000
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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