Use this information for Train Corporation to answer the question that follow. The following financial...
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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 Rails Division $46,200 26,600 93,000 Locomotive Divisionn $28,500 20,800 67,600 Corporate Total Cost of goods sold Direct operating expenses Sales Interest expense General overhead Income tax The gross profit for the Rails Division is $2,900 19,700 4,500 a. $66,400 Ob. $46,80o C. $20,200 Od. $93,00o
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