Consider the following year-end information for a company:
Cost of goods sold $ 420,000
Sales revenue 800,000
Nonoperating expenses 10,000
Operating expenses 170,000
Income tax expense 80,000
What amount will the company report for operating income?
A) $200,000.
B) $210,000.
C) $380,000.
D) $120,000.
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.