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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)?
The special order is accepted for 15% off the regular selling price, what would be the effect on operating income next year due to accepting this order?
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