The Callie Company Has Provided the Following Information: Operating Expenses

question 31

Multiple Choice

The Callie Company has provided the following information: Operating expenses were $231,000;
Cost of goods sold was $376,000;
Net sales were $940,000;
Interest expense was $32,000;
Gain on sale of a building was $76,000;
Income tax expense was $151,000.
What was Callie's income before taxes?

• A)$564,000.
• B)$188,000.
• C)$377,000.
• D)$232,000.

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