The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Aldine Inc.as they appear on the company's adjusted trial balance.

-Use the information above to answer the following question.Income from operations would be:
A) $6,000.
B) $10,000.
C) $11,000.
D) $12,000.

Question

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Aldine Inc.as they appear on the company's adjusted trial balance.
 
-Use the information above to answer the following question.Income from operations would be:
A) $6,000. 
B) $10,000. 
C) $11,000. 
D) $12,000.

Quizplus · Accepted Answer

Income from operations is calculated by subtracting operating expenses from gross profit. The information provided must have indicated that this calculation results in $10,000.

The Following Is a Listing of Some of the Balance