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Question - Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $49,700 for Division A. Division B had a contribution margin ratio of 30% and its sales were $262,000. Net operating income for the company was $33,500 and traceable fixed expenses were $52,500. Koen Corporation's common fixed expenses were:
a.$42,300
b.$52,500
c.$94,800
d.$128,300
Identify and list the errors in the income statement.
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