Refer to ComPrint Co. What was the operating income or loss for the year?
A) $(3,500)
B) $5,500
C) $18,500
D) $125,000

Name: Refer to ComPrint Co. What was the operating income or loss for the year? A) $(3,500) B) $5,500 C) $18,500 D) $125,000
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Question

Quizplus · Accepted Answer

We can find the operating income by subtracting operating expenses from gross profit. Gross profit is given as $175,000 and operating expenses are given as $178,500. Therefore, operating income or loss = $175,000 - $178,500 = $(3,500).