Presented below are selected data from the accounting records for 2013:
$\begin{array}{ll}
\text { Sales } & \$ 900,000 \
\text { Income tax expense } & 80,000 \
\text { Cost of Sales } & 550,000 \
\text { Operating expenses } & 150,000 \
\text { Dividends } & 75,000
\end{array}$

Question

Presented below are selected data from the accounting records for 2013:
 $\begin{array}{ll}
\text { Sales } & \$ 900,000 \
\text { Income tax expense } & 80,000 \
\text { Cost of Sales } & 550,000 \
\text { Operating expenses } & 150,000 \
\text { Dividends } & 75,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Presented below are selected data from the accounting records for 2013:
 $\begin{array}{ll}
\text { Sales } & \$ 900,000 \
\text { Income tax expense } & 80,000 \
\text { Cost of Sales } & 550,000 \
\text { Operating expenses } & 150,000 \
\text { Dividends } & 75,000
\end{array}$

Presented Below Are Selected Data from the Accounting Records for 2013