Bellweather Times
The company reports the following balances:
$$\begin{array} { l l l l }
\text { Other revenue } & \$ 180,000 & \text { General and administrative expense } & \$ 320,000 \
\text { Dividends paid } & \$ 220,000 & \text { Operating revenues } & \$ 700,000 \
\text { Selling expenses } & \$ 280,000 & \text { Income tax expense } & \$ 60,000
\end{array}$$
-Refer to the figure Bellweather Times.What is the company's income from operations?

Question

Bellweather Times
The company reports the following balances:
 $$\begin{array} { l l l l } 
\text { Other revenue } & \$ 180,000 & \text { General and administrative expense } & \$ 320,000 \
\text { Dividends paid } & \$ 220,000 & \text { Operating revenues } & \$ 700,000 \
\text { Selling expenses } & \$ 280,000 & \text { Income tax expense } & \$ 60,000
\end{array}$$
-Refer to the figure Bellweather Times.What is the company's income from operations?

Quizplus · Accepted Answer

Income from operations is calculated as Operating Revenues minus General and Administrative Expenses and Selling Expenses: $700,000 - $320,000 - $280,000 = $100,000.

Bellweather Times the Company Reports the Following Balances -Refer to the Figure Bellweather Times

Bellweather Times
the Company Reports the Following Balances -Refer to the Figure Bellweather Times