Here's the income statement from a small company for Q2 2022 (values in dollars): Q2 2022 Q2 2021 $634,441 $623,076 Revenue Operating expenses: -Production -Sales & marketing -Development -General & administrative $50,351 $85,266 $91,096 $78,064 $89,673 $73,401 $80,208 $87,449 Suppose this is the unaudited income statement. Later, the audited income statement indicates that development expenses in Q2 2022 were actually 16 percent smaller than originally reported. No other estimates changed. By how much, in thousands of dollars, would operating income change in Q2 2022 as a result of this revision? Please round to the nearest whole dollar.

Here's the income statement from a small company for Q2 2022 (values in dollars): Q2 2022 Q2 2021 $634,441 $623,076 Revenue Operating expenses: -Production -Sales & marketing -Development -General & administrative $50,351 $85,266 $91,096 $78,064 $89,673 $73,401 $80,208 $87,449 Suppose this is the unaudited income statement. Later, the audited income statement indicates that development expenses in Q2 2022 were actually 16 percent smaller than originally reported. No other estimates changed. By how much, in thousands of dollars, would operating income change in Q2 2022 as a result of this revision? Please round to the nearest whole dollar.

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Description: Here's the income statement from a small company for Q2 2022 (values in dollars):Q2 2022Q2 2021$634,441$623,076RevenueOperating expenses:-Production-Sales & marketing-Development-General &administrative$50,351$85,266$91,096$78,064Type your answer.$8

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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