Cullumber Company's trial balance of income statement accounts for the year ended December 31, 2017 included the following: Debit Credit
Sales revenue $283000
Cost of goods sold $174000
Administrative expenses 38000
Loss on disposal of equipment 17900
Commissions to salespersons 16700
Interest revenue 9800
Freight-out 6000
Loss from discontinued operations 23200
Bad debt expense 5800
Totals $281600 $292800
Other information:
Cullumber's income tax rate is 40%. Finished goods inventory:
January 1, 2017 $158600
December 31, 2017 138000
On Cullumber's multiple-step income statement for 2017, Income from continuing operations is:.
a. $66500.
b. $20640.
c. $6720.
d. $34600.

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided