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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
The following information relates to Nebula, Inc.

Sales Revenue   $240,000
Cost of Goods Sold   160,000
Interest Revenue   10,000
Operating Expenses   40,000
Sales Discounts   20,000
Sales Returns and Allowances   7,000

Calculate the operating income.
A) $240,000
B) $70,000
C) $13,000
D) $23,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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