Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:   Rails Division Locomotive Division Corporate Total Cost of goods sold $46,100       $30,900         Direct operating expenses 26,000       22,500         Sales 91,500       67,000         Interest expense     $3,000       General overhead     18,700       Income tax     4,200       The income from operations for the Locomotive Division is a.$36,100 b.$44,500 c.$67,000 d.$13,600

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use this information for Train Corporation to answer the question that follow.

The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:

  Rails
Division
Locomotive
Division
Corporate
Total
Cost of goods sold $46,100       $30,900        
Direct operating expenses 26,000       22,500        
Sales 91,500       67,000        
Interest expense     $3,000      
General overhead     18,700      
Income tax     4,200      

The income from operations for the Locomotive Division is

a.$36,100
b.$44,500
c.$67,000
d.$13,600
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