Consider the following information: Cost of goods sold: $200,000 Income tax expense: $12,000 Research and development expenses:
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Question:
- Consider the following information:
- Cost of goods sold: $200,000
- Income tax expense: $12,000
- Research and development expenses: $42,000
- Interest expense: $9,000
- Net Sales: $702,000
- Selling, general, and administrative expenses: $121,000
Calculate operating income for the period.
Calculate net income for the period.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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