During 2014, Yoder Enterprises generated revenues of $120,000. The company's expenses were as follows: cost of goods sold of $60,000, operating expenses of $24,000 and a loss on the sale of equipment of $4,000. Yoder's income from operations is

Question

Quizplus · Accepted Answer

Income from operations is calculated by subtracting cost of goods sold and operating expenses from revenue. 
$120,000 - $60,000 - $24,000 = $36,000. The loss on sale of equipment is not factored into income from operations.

During 2014, Yoder Enterprises Generated Revenues of $120,000