From the Following Details,calculate Operating Income A) $87,000
B) $160,000
C) $80,000
D) $73,000

question 200

Multiple Choice

From the following details,calculate operating income. $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & \$ 420,000 \\\hline \text { Cost of Goods Sold } & 260,000 \\\hline \text { Operating Expenses } & 80,000 \\\hline \text { Interest Revenue } & 7,000 \\\hline\end{array}$$

• A) $87,000
• B) $160,000
• C) $80,000
• D) $73,000

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Definitions:

Surviving Spouse

The partner who remains alive after the other has died, often relevant in the context of inheritances and legal rights.

Died Testate

A legal term indicating that a person has died leaving a valid will that dictates the distribution of their estate.

Closely Held Corporation

A corporation that has a small number of shareholders, often characterized by its lack of public trade on stock exchanges and its tight-knit management.

Corporate Property

Assets owned by a corporation, which can include real estate, machinery, intellectual property, and other tangible and intangible assets.