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Consider the Following Year-End Information for Spitzer Corporation What Amount Will Spitzer Report for Operating Income?
A) $200,000

Question 56

Multiple Choice

Consider the following year-end information for Spitzer Corporation:  Cost of goods sold $420,000 Sales revenue 800,000 Nonoperating expenses 10,000 Operating expenses 170,000 Income tax expense 80,000\begin{array} { l r } \text { Cost of goods sold } & \$ 420,000 \\\text { Sales revenue } & 800,000 \\\text { Nonoperating expenses } & 10,000 \\\text { Operating expenses } & 170,000 \\\text { Income tax expense } & 80,000\end{array} What amount will Spitzer report for operating income?


A) $200,000
B) $210,000
C) $380,000
D) $120,000

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