Lindsey Corporation had the following account balances: Sales revenue $200,000 Beginning inventory 40,000 Purchases 80,000 Purchase discounts 3,000 Freight-in 1,000 Ending inventory 30,000 Purchase...


Given the information above, and assuming that Lindsey's total operating expenses (exclusive of cost of goods sold) are $40,000, pretax income is?


Lindsey Corporation had the following account balances:<br>Sales revenue<br>$200,000<br>Beginning inventory<br>40,000<br>Purchases<br>80,000<br>Purchase discounts<br>3,000<br>Freight-in<br>1,000<br>Ending inventory<br>30,000<br>Purchase returns and allowances<br>2,000<br>Given the information above, and assuming that Lindsey's total operating expenses (exclusive of cost<br>goods sold) are $40,000, pretax income is<br>Oa. $110,00o.<br>Ob. $114,000.<br>Oc. $46,000.<br>d. $74,000.<br>

Extracted text: Lindsey Corporation had the following account balances: Sales revenue $200,000 Beginning inventory 40,000 Purchases 80,000 Purchase discounts 3,000 Freight-in 1,000 Ending inventory 30,000 Purchase returns and allowances 2,000 Given the information above, and assuming that Lindsey's total operating expenses (exclusive of cost goods sold) are $40,000, pretax income is Oa. $110,00o. Ob. $114,000. Oc. $46,000. d. $74,000.

Jun 11, 2022
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