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For Last Year, Watson Limited Reported Revenues of $420,000, Cost

Question 207

Multiple Choice

For last year, Watson Limited reported revenues of $420,000, cost of goods sold of $118,000, cost of goods manufactured of $105,000, and total operating costs of $60,000. Operating income for that year was ________.


A) $315,000
B) $302,000
C) $255,000
D) $242,000

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