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.

Question

Quizplus · Accepted Answer

The total operating expenses are given as $111,000. Other expenses like interest and income tax are not included in operating expenses.

Colby Corporation Has Provided the Following Information: • Operating Revenues