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The Following Data Include All the Elements from Tuche Millinery's

Question 44

Multiple Choice

The following data include all the elements from Tuche Millinery's income statement:  Administrative Expense $229 Cost of Goods Sold 259 Gain on Sale of Securities 46 Income Tax Expense 53 Loss on Discontinued Operations 38 Loss on Disposal of Equipment 86 Revenue 866 Selling Expense 124\begin{array} { l r } \text { Administrative Expense } & \$ 229 \\\text { Cost of Goods Sold } & 259 \\\text { Gain on Sale of Securities } & 46 \\\text { Income Tax Expense } & 53 \\\text { Loss on Discontinued Operations } & 38 \\\text { Loss on Disposal of Equipment } & 86 \\\text { Revenue } & 866 \\\text { Selling Expense } & 124\end{array} What is the amount of operating income for Tuche Millinery?


A) $607
B) $378
C) $254
D) $197

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