Endive & Co., a service company, earned fees of $360,000 in the year 20Y6. It incurred operating

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Endive & Co., a service company, earned fees of $360,000 in the year 20Y6. It incurred operating expenses of $250,000. Calculate the operating income of Endive for the year 20Y6.

a). $110,000
b). $55,000
c). $610,000
d). $305,000

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Jan 11, 2021 02:47 AM

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Endive & Co., a service company, earned fees of $360,000 in the year 20Y6. It incurred operating

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