The following financial Information was summarized from the accounting records of Train Corporation for the current...

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The following financial Information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $47,700 $30,700 Direct operating expenses 27,300 21,200 Sales 93,800 67,000 Interest expense $2,300 General overhead 18,800 Income tax 4,100 The gross profit for the Rails Division is a. $18,800 b. $46,100 c. 593,800 d. 166,500 The following financial Information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $47,700 $30,700 Direct operating expenses 27,300 21,200 Sales 93,800 67,000 Interest expense $2,300 General overhead 18,800 Income tax 4,100 The gross profit for the Rails Division is a. $18,800 b. $46,100 c. 593,800 d. 166,500

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