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Multiple Choice Question 131 During 2016, Waterway Co. generated revenues on the 2oleues ol $10500. The companys eonpensers oos cos The companys 00, es of $2a00 and a os Waterways income from operations is O$105000 $40000. $42000 O $23000.
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Answer #1

Income from operations=Revenue-COGS-Operating expenses

which is equal to

=(105000-42000-23000)

which is equal to

=$40000.

[income from operations would not include non operating expenses/revenues].

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