Smith Corporation Has Provided the Following Information: Cash Sales Totaled

question 64

Multiple Choice

Smith Corporation has provided the following information: Cash sales totaled $125,000.
Credit sales totaled $279,000.
Cash collections from customers for services yet to be provided totaled $38,000.
An $11,000 gain from the sale of property and equipment occurred.
Interest income totaled $7,700.
How much of these items was included in operating income?

• A)$415,000.
• B)$411,700.
• C)$442,000.
• D)$460,700.

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Definitions:

Episodic Memories

Memories of autobiographical events that can be explicitly stated, including contexts, associated emotions, and the spatial-temporal sequences.

Hippocampus

A key structure in the brain involved in the consolidation of information from short-term memory to long-term memory and spatial memory.

Research Support

Evidence or backing from scientific studies and investigations that underpin a theory, hypothesis, or finding.

Hippocampus

A region of the brain associated with memory formation and spatial navigation.