Problem

Calculate operating income and net income The following information is available fro...

Calculate operating income and net income The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2013:

Required:

a. Calculate the operating income for Spenser Co. for the year ended December 31, 2013.

b. Calculate the company’s net income for 2013.

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Solutions For Problems in Chapter 9

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