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What the net operating income for the year

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Reference no: EM133065686

Question - The following data (in thousands of dollars) have been taken from the accounting records of an actual corporation for the year that just ended:

Sales: $990

Administrative expenses: $180

Selling expenses: $150

Cost of goods manufactured: $470

Finished goods inventory, beginning: $150

Finished goods inventory, ending: $130

Required - What the net operating income for the year (in thousands of dollars)?

Reference no: EM133065686

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