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    gwapagirl40 Posts: 31, Reputation: 1
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    Sep 14, 2012, 09:54 PM
    How much is Non- operating income
    The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, the end of the company’s fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,106; cost of goods sold, $1,240; selling expenses, $126; general and administrative expenses, $105; interest expense, $35; and gain on sale of investments, $45. Income tax expense has not yet been accrued. The income tax rate is 40%. Assume the company’s accountant prepared a multiple-step income statement.

    What amount would appear in that statement for non-operating income?

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