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Accounting records of train corporation for the current year

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Reference no: EM131748825

Question: The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:


 Rails
Division		 Locomotive
Division		 Corporate
Total
Cost of goods sold $45,100     $32,000    
Direct operating expenses 28,000     20,000    
Sales 97,300     68,700    
Interest expense

$2,100    
General overhead

18,400    
Income tax

4,300    

The income from operations for the Locomotive Division is

A.$68,700

B.$36,700

C.$48,700

D.$16,700

Reference no: EM131748825

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