Solved

The Following Data Include All the Elements from Cambridge Company's

Question 3

Multiple Choice

The following data include all the elements from Cambridge Company's income statement:  Administrative Expense $873 Cost of Goods Sold 3,615 Gain on Sale of Securities 623 Income Tax Expense 1,234 Loss on Discontinued Operations 1,229 Loss on Disposal of Equipment 237 Revenue 8,771 Selling Expense 1,425\begin{array} { l r } \text { Administrative Expense } & \$ 873 \\\text { Cost of Goods Sold } & 3,615 \\\text { Gain on Sale of Securities } & 623 \\\text { Income Tax Expense } & 1,234 \\\text { Loss on Discontinued Operations } & 1,229 \\\text { Loss on Disposal of Equipment } & 237 \\\text { Revenue } & 8,771 \\\text { Selling Expense } & 1,425\end{array} What is the amount of income from continuing operations for Cambridge Company?


A) $3,244
B) $2,621
C) $2,010
D) $3,481

Correct Answer:

verifed

Verified

Related Questions