Cendant Corporation\'s results for the year ended December 31, 2011, include the

ID: 2452313 • Letter: C

Question

Cendant Corporation's results for the year ended December 31, 2011, include the following material

items:

Sales revenue $6,200,000

Cost of goods sold 3,800,000

Selling and administrative expenses 1,300,000

Loss on sale of investments 200,000

Loss on discontinued operations 500,000

Loss on expropriation (unusual and infrequent event) 800,000

Restructuring costs 80,000

Overstatement of amortization expense in 2010

caused by mathematical error

60,000

Cendant Corporation's income from continuing operations before income taxes for 2011 is

A. $880,000.

B. $320,000.

C. $900,000.

D. $820,000.

The correct option is option - D.

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