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  3. division t reported income from operations of $875

Division T reported income from operations of $875,000 and total service department charges of $575,000....

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Question

Accounting

Division T reported income from operations of $875,000 and total service department charges of $575,000. Therefore:

Select one:

a. net income was $300,000

b. the gross profit margin was $300,000

c. income from operations before service department charges was $1,450,000

d. consolidated net income was $300,000

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