Colby Corporation Has Provided the Following Information: • Operating Revenues

question 39

Multiple Choice

Colby Corporation has provided the following information: • Operating revenues from customers were $199,700.
• Operating expenses for the store were $111,000.
• Interest expense was $9,200.
• Gain from sale of plant and equipment was $3,300.
• Dividend payments to Colby's stockholders were $7,700.
• Income tax expense was $36,000.
• Prepaid rent was $5,000.
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What is the amount of Colby's operating income (income from operations) ?

• A)$81,000.
• B)$83,700.
• C)$88,700.
• D)$92,000.

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Definitions:

Emotional Intelligence

The capability to recognize one's own emotions and those of others, to differentiate between different feelings, and to use emotional information to guide thinking and behavior.

Types of Intelligence

Different ways of understanding and measuring intellectual capability, such as logical-mathematical, linguistic, spatial, and emotional intelligence.

Gardner

Refers to Howard Gardner, an American developmental psychologist best known for his theory of multiple intelligences.

Psychological Test

A psychological test is a standardized measure used to evaluate an individual's mental and emotional characteristics, abilities, and processes.