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During August 2016 Shelby's Supply Store Generated Revenues of $65000

Question 106

Multiple Choice

During August 2016 Shelby's Supply Store generated revenues of $65000. The company's expenses were as follows: cost of goods sold of $33000 and operating expenses of $7000. The company also had rent revenue of $2000 and a loss on the sale of a delivery truck of $3000. Shelby's nonoperating income (loss) for the month of August 2016 is


A) $0.
B) $(3000) .
C) $2000.
D) $(1000) .

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