Paper Clip Company sells office supplies.The following information summarizes the company's operating activities for the year:

What is operating income?
A)$154,500
B)$56,000
C)$38,000
D)$46,000

Name: Paper Clip Company sells office supplies.The following information summarizes the company's operating activities for the year: What is operating income? A)$154,500 B)$56,000 C)$38,000 D)$46,000
Brand: Quizplus
Rating: 4.7 (44 reviews)

Question

Paper Clip Company sells office supplies.The following information summarizes the company's operating activities for the year:

What is operating income?
A)$154,500 
B)$56,000 
C)$38,000 
D)$46,000

Quizplus · Accepted Answer

C)Calculations: $164,000 -($27,000+ $89,000-$23,000=$93,000)= $71,000 - $9,500 - $10,000 - $13,500 = $38,000

Paper Clip Company Sells Office Supplies