The Nellie Company Has Provided the Following Information: Operating Expenses

question 69

Multiple Choice

The Nellie Company has provided the following information: Operating expenses were $115,000;
Gross profit was $629,000;
Cost of goods sold was $470,000;
Interest expense was $17,000;
Extraordinary loss was $29,000;
Income tax expense was $199,000.
What was Nellie's income before taxes?

• A) $514,000.
• B) $468,000.
• C)$497,000.
• D)$298,000.

---

Definitions:

Expression

The act of conveying thoughts, feelings, or ideas, particularly in language, art, music, or movement.

Hard Power

The use of military and economic means by a country to influence or coerce others to achieve its national objectives.

Military Force

Refers to the armed forces or military units of a country, which include the army, navy, air force, and other branches responsible for defense and combat operations.

Economic Influence

The impact that changes in the economy have on individuals, businesses, and government policy.