Multiple Choice
Colby Corporation has provided the following information: • Operating revenues from customers were $199,700.
• Operating expenses for the store were $111,000.
• Interest expense was $9,200.
• Gain from sale of plant and equipment was $3,300.
• Dividend payments to Colby's stockholders were $7,700.
• Income tax expense was $36,000.
• Prepaid rent expense was $5,000.
What is the amount of Colby's total operating expenses?
A) $111,000.
B) $114,300.
C) $116,000.
D) $120,200.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Which of the following statements is correct?<br>A)Dividend
Q27: Which of the following statements is false?<br>A)Expense
Q67: A gain resulting from the sale of
Q70: A company purchased supplies for cash,which will
Q79: Colby Corporation has provided the following information:
Q81: Which of the following businesses would most
Q85: Cash received prior to the providing of
Q87: Which of the following is not a
Q99: Which of the following describes the reporting
Q122: Application of generally accepted accounting principles requires