In last year's income statement segmented by division, what were Nantor's total common fixed expenses?
A)$1,300,000
B)$1,600,000
C)$1,250,000
D)$1,200,000

Name: In last year's income statement segmented by division, what were Nantor's total common fixed expenses? A)$1,300,000 B)$1,600,000 C)$1,250,000 D)$1,200,000
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Net operating income = Total segment margin - Common fixed expenses
$800,000 = $2,000,000 - Common fixed expenses
Common fixed expenses = $2,000,000 - $800,000 = $1,200,000

In Last Year's Income Statement Segmented by Division, What Were