nir nakeAssignment / takeAssignmentMain doinvokerassignmM] ? ?? The following fi

Question

nir nakeAssignment / takeAssignmentMain doinvokerassignmM] ? ?? The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division $47,800 26,200 95,200 Locomotive Division $31,800 21,200 67,600 Corporate Total Cost of goods sold Direct operating expenses Sales Interest expense General overhead Income tax The income from operations for the Rails Division is Oa. $21,200 Ob. $95,200 Oc. $47,400 Od. $69,000 $2,000 19,700 4,200 PreviouS Next

Explanation / Answer

Answer

Income from Operation for Rail Division = Sales - Cost of Goods Sold - DIrect operating expenses.

= 95200 - 47800 - 26200 = $ 21,200

Hence, correct answer = Option 'a': $ 21,200

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