Reference: 12-12
the Sherlock Division Recorded Operating Data as Follows

question 23

Multiple Choice

Reference: 12-12
The Sherlock Division recorded operating data as follows for the past year: $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 300,000 \\\hline \text { Operating expenses } & 225,000 \\\hline \text { Average operating assets } & 225,000 \\\hline \text { Stockholders' equity } & 80,000 \\\hline \text { Minimum required rate of return } & 20 \% \\\hline\end{array}$$
-For the past year, residual income was?

• A)$45,000.
• B)$30,000.
• C)$0.
• D)$75,000.

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Definitions:

Catch Block

A section of code used to handle an exception that occurs in a try block in Java.

Finally Block

A block in Java exception handling that executes code after a try/catch block, regardless of whether an exception was caught.

Try Block

A code structure used in exception handling that encloses code that might throw an exception.

Exception

An event in programming that disrupts the normal flow of instructions, usually indicating an error or other unexpected condition.