Presented Below is Information related to Matrix Company at December 31,2018 the end of its first...

Presented Below is Information related to Matrix Company at December 31,2018 the end of its first year of operations:

Account Balance

Sales Revenue	$775,000
Cost of Goods Sold	$350,000
Selling and administrative expenses	$125,000
Gain on sale of plant assets	$75,000
Unrealized gain on available-for sale debt investments	$25,000
Interest expense	$15,000
Loss on discontinued expense	$30,000
Dividends declared and paid	$12,000

Question 1: What is income from continuing operations?

Question 2: What is the difference between continuing operations and net income?

Expert Solution

ekkarill92 answered 1 day ago

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