Question: The following data include all the elements from Cambridge Company's income statement: Administrative Expense $872 Cost of Goods Sold 3,627 Gain on Sale of Securities

The following data include all the elements from Cambridge Company's income statement:

Administrative Expense $872
Cost of Goods Sold 3,627
Gain on Sale of Securities 623
Income Tax Expense 1,234
Loss on Discontinued Operations 1,229
Loss on Disposal of Equipment 237
Revenue 8,766
Selling Expense 1,425

What is the amount of operating income for Cambridge Company?

Group of answer choices

$2,842

$5,139

$3,228

$3,465

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The following data include all the elements from Cambridge Company's income statement: Administrative Expense $872 Cost of Goods Sold 3,627 Gain on Sale of Securities. 623 Income Tax Expense. 1,234...

Q:

The following data include all the elements from Cambridge Company income statement: Administrative Expense $867 Cost of Goods Sold 3622 loss on Sale of Securities 623 Income Tax Expense 1,234 Loss...

Q:

The following data include all the elements from Cambridge Company's income statement: Administrative Expense: $ 8 7 4 Cost of Goods Sold: $ 3 , 6 1 6 Gain on Sale of Securities: $ 6 2 3 Income Tax...

Q:

The following data include all the elements from Tuche Millinery's income statement: Administrative Expense $223 Cost of Goods Sold 254 Gain on Sale of Securities 45 Income Tax Expense 52 Loss on...

Q:

The following data include all the elements from Cambridge Company's income statement: Administrative Expense $872 Cost of Goods Sold 3,604 Gain on Sale of Securities. 623 Income Tax Expense. 1,234...

Q:

The following data include all the elements from Tuche Millinery income statement: $229 261 Administrative Expense Cost of Goods Sold Gain on Sale of Securities Income Tax Expense Loss on...

Q:

This Question: 1 pt The following data include all the elements from Cambridge Company's income statement: Administrative Expense Cost of Goods Sold Gain on Sale of Securities Income Tax Expense Loss...

Q:

E13-3 (Static) Using Financial Information to identify Companies LO 13-1, 13-2, 13-3, 13-5, 13-6 The following selected financial data pertain to four unidentified companies: COMPANIES 5.14 13.1 4.6...

Q:

K (Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the...

Q:

I am having trouble with the 2015 and 2016 statements balancing on the FSAP. Could you take a look at it and tell what is wrong and correct it? Financial Statement Analysis Package (FSAP) A Comment...

Q:

What are strengths, weaknesses, opportunities, and threats? Give an example of each.

Q:

For each of the pairs below, predict specific aspects in their 1H NMR spectra that would allow you to distinguish one compound from the other. (a) (b) (c) Br Br

Q:

1.8 What are the main differences between products and services?

Q:

Within a continuously competitive global business environment, publicly held companies face constant pressure to generate and report positive financial results. Unfortunately, some leaders may be...

Q:

Explain what is involved in, and describe severalmodels of, careermanagement

Q:

Describe the role of supervisors in the various types of employee counseling programs

Q:

Explain how training and on-the-job experiences can be used to develop managers