1. A company has a sales revenue of $10,000, cost of goods sold of $4500, and other operating expenses of $1500. What is this company's pre-tax income?
a. $ 4,000
b. $11,500
c. $ 6,000
d. $14,500
e. $16,000
2. The classified Balance Sheet will subsection the assets section as follows
a. Other Assets and Property, Plant and Equipment
b. Current Assets and Property, Plant, and Equipment
c. Current Assets and Short-Term Assets
d. Current Assets and Other Assets