Answer the Following Questions Using the Information Below -What Is the Operating Income for 2015?
A) $75,000
B)

question 173

Multiple Choice

Answer the following questions using the information below:
$\begin{array}{lr}\text { Beginuing finished goods, 1/1/2015 } & \$ 92,000 \\\text { Ending finished goods, 12/31/2015 } & 75,000 \\\text { Cost of goods sold } & 300,000 \\\text { Sales revenue } & 450,000 \\\text { Operating expenses } & 95,000\end{array}$
-What is the operating income for 2015?

• A) $75,000
• B) $55,000
• C) $62,000
• D) $68,000

Comprehend the influence of U.S. tax laws on pension plan funding.

Grasp the accounting treatment of postretirement benefit plans, including the recognition of actual return on plan assets.

Know the effects of pension plan economics on balance sheets and income statements.

Understand the components of pension expense and how they are calculated.

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Definitions:

Communication Links

The physical or logical connections between communicating devices or systems, allowing data transfer.

Physical Plant Operations

Activities and tasks focused on the maintenance and management of the physical facilities, infrastructure, and assets of an organization.

Auditing

The systematic examination and evaluation of records or financial accounts to ensure accuracy and adherence to established standards.

HTTPS

Hypertext Transfer Protocol Secure, an internet communication protocol that protects the integrity and confidentiality of data between the user's computer and the site.