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Managerial Accounting
?
Walton Manufacturing Company gathered the following data for the month.
Cost of goods sold: $35,000
Sales: $89,000
Selling expenses: $16,000
Administration expenses: $21,000
How much net operating income will be reported for the period?
$54,000
$17,000
$52,000
Cannot be determined
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
$17,000
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