The accounting information for a profit center of Piranha Inc. for the year ended December 31, 20Y7
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Question:
The accounting information for a profit center of Piranha Inc. for the year ended December 31, 20Y7 is as follows: Revenues $500,000 Operating Expenses $200,000 Service department charges: Purchasing $25,000 Payroll accounting $60,000 Legal $10,000 Based on the given information, calculate the operating income of the profit center.
a.$205,000
b.$95,000
c.$300,000
d.$150,000
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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