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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year:

Utilities for the store   $   9,500
Sales commissions    10,000
Sales revenue   164,000
Purchases of merchandise    89,000
January 1 inventory   27,000
Rent for store   13,500
December 31 inventory   23,000

What is operating income?
A) $46,000
B) $56,000
C) $38,000
D) $154,500
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
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