Consider the following year-end information for spitzer corporation:
cost of goods sold $413,000
sales revenue 870,000
nonoperating expenses 12,000
operating expenses 152,000
income tax expense 85,000
what amount will spitzer report for operating income?

The Operating Income is $305.000

Explanation:

Income Statement  

Total Net Sales$ 870.000

Cost of goods sold-$ 413.000

Operating Expenses-$ 152.000

Operating Income$ 305.000

Non-Operating Expenses-$ 12.000

Income Before Tax Expenses$ 293.000

Income Taxes-$ 85.000

Net Income$ 208.000

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

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