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ABC Company has the following amounts in its multiple step income statement: revenues of $5,000; operating expenses of $4,000; and income tax expense of $200. What is ABC Company's income from operations

Respuesta :

Samawati

Answer:

$1000

Explanation:

Operating income is the income from the regular business operation before adjusting for taxes and interest. Operating income is similar to EBIT, which stands for earnings before interest and taxes.

For ABC company,  revenue is $ 5,000

Operating expense is $ 4,000

Income tax is $200

operating income

= $5000-$4000

=$1000

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