During August, 2022, Sheffield's Supply Store generated revenues of $61400. The company's expenses were as follows: cost of goods sold of $36200 and operating expenses of $4500. The company also had rent revenue of $1100 and a loss on the sale of a delivery truck of $2200. Sheffield's income (loss) from non-operating activities for the month of August, 2022 is $(2200). O $1100. $(1100). O $0.

During August, 2022, Sheffield's Supply Store generated revenues of $61400. The company's expenses were as follows: cost of goods sold of $36200 and operating expenses of $4500. The company also had rent revenue of $1100 and a loss on the sale of a delivery truck of $2200. Sheffield's income (loss) from non-operating activities for the month of August, 2022 is $(2200). O $1100. $(1100). O $0.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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