Calculate the operating income for millennial consulting

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Problem

Calculate operating income and net income. The following information is available from the accounting records of Millennial Consulting for the year ended December 31, 2013: Selling, general, and administrative expenses $102,000 Accounts payable . 170,000 Extraordinary gain from lawsuit settlement, net of tax expense of $14,000. 52,000 Research and development expenses............ 74,000 Loss from discontinued operations, net of tax savings of $10,000 34,000 Provision for income taxes. 35,000 Net sales..... 979,000 Interest expense 128,000 Net cash provided by operations. 296,000 Cost of goods sold .. 544,000. Get the instant assignment help. Calculate the operating income for Millennial Consulting for the year ended December 31, 2013. Calculate the company's net income for 2013.

Reference no: EM133922938

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