Division X reported income from operations of $975,000 and total service departm

Question

Division X reported income from operations of $975,000 and total service department charges of $575,000. Therefore: a. net income was $400,000 b. the gross profit margin was $400,000 c. income from operations before service department charges was $1,550,000 d. consolidated net income was $400,000 Division X reported income from operations of $975,000 and total service department charges of $575,000. Therefore: net income was $400,000 the gross profit margin was $400,000 income from operations before service department charges was $1,550,000 consolidated net income was $400,000 a. net income was $400,000 b. the gross profit margin was $400,000 c. income from operations before service department charges was $1,550,000 d. consolidated net income was $400,000

Explanation / Answer

A - net income was $400,000

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