Sales revenue HK$112,000 Gain on sale of plant assets 33,600 Selling and administrative expenses 11,200 Cost of goods sold 61,600 Interest expense 5,600 Income tax rate 20 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sales revenue
HK$112,000
Gain on sale of plant assets
33,600
Selling and administrative expenses 11,200
Cost of goods sold
61,600
Interest expense
5,600
Income tax rate
20
%
Determine
(a) Income from operations HK$enter a hong kong dollar amount
Transcribed Image Text:Sales revenue HK$112,000 Gain on sale of plant assets 33,600 Selling and administrative expenses 11,200 Cost of goods sold 61,600 Interest expense 5,600 Income tax rate 20 % Determine (a) Income from operations HK$enter a hong kong dollar amount
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