The Willie Company Has Provided the Following Information: Operating Expenses

question 95

Multiple Choice

The Willie Company has provided the following information: Operating expenses were $345,000;
Income from operations was $415,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Loss from sale of investments was $87,000;
Income tax expense was $58,000.
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What was Willie's income before taxes?

• A)$344,000.
• B)$199,000.
• C)$257,000.
• D)$286,000.

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Definitions:

Gametophyte

The haploid stage in the life cycle of plants and algae that produces gametes through mitosis for sexual reproduction.

Megasporangium

In a heterosporous plant, structure in which megaspores are produced. Megasporangia of seed plants are ovules that develop into seeds following fertilization. Compare with microsporangium.

Heterosporous

Referring to plants that produce two types of spores, microspores which develop into male gametophytes and megaspores which develop into female gametophytes.

Vascular Tissues

Specialized structures in plants that conduct water, nutrients, and sugars throughout the organism.