Colby Corporation Has Provided the Following Information

question 21

Multiple Choice

Colby Corporation has provided the following information:
Operating revenues were $199,700.
Operating expenses 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.
How much was Colby's net income?

• A)$39,100
• B)$48,300
• C)$52,700
• D)$46,800

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Definitions:

Human Airway

The part of the respiratory system through which air flows, starting from the nose and mouth down to the bronchi.

Branch Lengths

In phylogenetics, the distances on a tree diagram that represent the amount of evolutionary change or time.

Genetic Difference

Variations in the DNA sequences among individuals, populations, or species that contribute to biological diversity.

Haplotype Frequency

The commonness of a specific combination of alleles at different loci within a chromosome segment in a population.