Presented below is information related to NexGen Company at…
Presented below is information related to NexGen Company at December 31, 2025, the end of its first year of operations. Sales revenue $300,580 Cost of goods sold 100,110 Selling and administrative expenses 50,800 Gain on sale of plant assets 30,970 Unrealized gain on available-for-sale debt investments 10,550 Interest expense 7,460 Loss on discontinued operations 16,850 Dividends declared and paid 5,500 What is the operating income reported on the multiple-step income statement?
Read Details