Question: The following data include all the elements from Tuche Millinery income statement: Administrative Expense $231 Cost of Goods Sold 263 Gain on Sale of Securities

The following data include all the elements from Tuche Millinery income statement:

Administrative Expense	$231
Cost of Goods Sold	263
Gain on Sale of Securities	41
Income Tax Expense	57
Loss on Discontinued Operations after Tax	38
Loss on Disposal of Equipment	86
Revenue	865
Selling Expense	124

What is the amount of income from continuing operations for Tuche Millinery?

Group of answer choices

$145

$63

$231

$277

$107

Question 4

Lime KeyCorporation's trial balance for December31, the end of its fiscalyear, included the followingaccounts:

Accounts Receivable: $28,000 Inventories: 55,000 Copyright: 18,000 Allowance for Doubtful Accounts: 6,000 Prepaid Insurance: 10,000 Note Receivable, Due in Two Years: 71,000 Investments in Treasury Bills (Short-term: 5,000 Cash in Bank: 9,500

Investments are treasury bills that were purchased in November and mature on January 15. Prepaid insurance is a one-year policy that was purchased on December 31.

The amount that should be classified as current assets in the December 31 balance sheet is________.

Group of answer choices

None of these are correct

$172,500

$184,500

$190,500

$101,500

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