Use the following information (in thousands): Sales revenue 300,000 Gain on sale of equipment 90,000...
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Accounting
Use the following information (in thousands):
Sales revenue 300,000
Gain on sale of equipment 90,000
Cost of goods sold 164,000
Interest expense 16,000
Selling & administrative expenses 30,000
Income tax rate 30%
Determine the amount of income from operations.
Select one: a. 60,000 b. 180,000 c. 76,000 d. 196,000
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