Solved

The Nellie Company Has Provided the Following Information: Operating Expenses

Question 89

Multiple Choice

The Nellie Company has provided the following information: Operating expenses were $115,000;
Gross profit was $629,000;
Cost of goods sold was $470,000;
Interest expense was $17,000;
Income tax expense was $199,000.
-
What was Nellie's income before taxes?


A) $514,000.
B) $612,000.
C) $497,000.
D) $298,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions