What amount would cooper show for income


The following amounts are from Cooper Co.'s 2004 income statement:

Sales ................................................. $340,000
Sales returns and allowances .......................... 5,000
Cost of goods sold .................................... 132,000
Utilities expense ..................................... 66,000
Interest revenue ...................................... 1,000
Income tax on operations .............................. 28,000
Extraordinary loss due to earthquake, net of tax ...... 5,000
Interest expense ...................................... 4,000
Salaries expense ...................................... 46,000
Loss on sale of investments ........................... 3,000

What amount would Cooper show for income from continuing operations on a multiple-step format income statement?

 

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Accounting Basics: What amount would cooper show for income
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