Question

During the year ended December 31, year 8, Dalgiesh Co. had sales of $1,500, cost of goods sold of $800, and sales, general and administrative expenses of $200. In addition, Dalgiesh is involved in a restructuring process expected to last several years, and incurred restructuring costs in year 8 of $125. During the year the company also sold various investments for a net pre-tax gain of $125, and received $40 in dividends from investments. What amount of operating and nonoperating income will Dalgiesh present in its year 8 income statement

Answer 1

Answer:

$375 and $165

Explanation:

Calculation to determine What amount of operating and nonoperating income will Dalgiesh present in its year 8 income statement

Operating income= $1,500 - $800 - $200 - $125

Operating income= $ $375

Non Operating income=$125 + $40

Non Operating income= $165

Therefore The amount of operating and nonoperating income will Dalgiesh present in its year 8 income statement will be $375 and $165