Use the Following Information for Questions
Hogan Corp Other Information:
Hogan's Income Tax Rate Is 30

question 33

Multiple Choice

Use the following information for questions
Hogan Corp.'s trial balance of income statement accounts for the year ended December 31, 2007 included the following: $\begin{array}{lr}&\text { Debit } & \text { Credit }\\\text { Sales }&&\$140,000\\\text { Cost of sales } & \$ 50,000 \\\text { Administrative expenses } & 25,000 \\\text { Loss on sale of equipment } & 9,000 \\\text { Commissions to salespersons } & 8,000\\\text { Interest revenue }&&5,000\\\text { Freight-out } & 3,000 \\\text { Loss due to earthquake damage } & 12,000 \\\text { Bad debt expense } & 3,000\\\text { Totals }&\$ 110.000 &\$ 145.000\\\end{array}$ Other information:
Hogan's income tax rate is 30%.Finished goods inventory: $\begin{array}{lr}\text { January } 1,2007 & \$ 80,000 \\\text { December } 31,2007 & 70,000\end{array}$ On Hogan's multiple-step income statement for 2007,
-Cost of goods manufactured is

• A)$63,000.
• B)$60,000.
• C)$43,000.
• D)$40,000.

---

Definitions:

Gender Roles

The behaviors, tasks, and responsibilities that a society considers appropriate for men, women, and other gender identities.

Gender Identity

A personal sense of self as a boy or girl.

Beliefs

Convictions or acceptances that something exists or is true, particularly with regard to facts or principles without absolute proof.

Affiliative Behavior

Actions aimed at creating or maintaining social bonds, including gestures of friendship, empathy, or cooperation.