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Accounting

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The Nellie Company has provided the following information:

Operating expenses were $115,000;

Gross profit was $629,000;

Cost of goods sold was $470,000;

Interest expense was $17,000;

Extraordinary loss was $29,000;

Income tax expense was $199,000.

What was Nellie's operating income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92766951

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