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 operating income for the month of August 2016 is
A) $25000.
B) $27000.
C) $24000.
D) $32000.
Correct Answer:
Verified
Correct Answer:
Verified
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