Question

Remaining Time: 1 hour, 32 minutes, 20 seconds. Question Completion Status Moving to the next question prevents changes to this answer Question 1 as fotos cost of goods During 2017, Yoder Enterprises generated revenues of $180,000. The company's expenses w sold of $90,000, operating expenses of 536,000 and a loss on the sale of Guiment of $8.000 Yoder's income from operations is a $90,000 5.554,000 o $180,000 d. $36,000 Moving to the next question prevents changes to this

Answer 1

Ans is b $54,000

Explanation: income from operations are arrived at by deducting all the operating expenses from gross profit, it doesn’t include other expenses and losses. So loss for sale of equipment is not deducted since it’s a investing activities.

Revenues	$180,000
Less: Cost of goods sold	(90,000)
Gross Profit	$90,000
Less: Operating expenses	-36000
Income from operations	$54,000

Option A is incorrect, since it’s a gross profit

Option C is incorrect, since its gross revenue

Option D is incorrect, since its operating expenses