The following amounts are from Silverton Co's 2014 income statement: Sales ................................................. $340,000 Sales returns and allowances .......................... 5,000 Cost of goods sold .................................... 132,000 Utilities expense ..................................... 66,000 Interest revenue ...................................... 1,000 Income tax on
operations .............................. 28,000 Extraordinary loss due to earthquake, net of tax ...... 5,000 Interest expense ...................................... 4,000 Salaries expense ...................................... 46,000 Loss on sale of investments ........................... 3,000 What amount would Silverton show for income from continuing operations on a multiple-step format income statement?
a. $52,000
b. $68,000
c. $57,000
d. $96,000
C
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Indicate whether the statement is true or false
Which of the following statements is CORRECT? (Assume that the risk-free rate is a constant.)
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Which of the following is not one of the perspectives on bureaucracy?
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