Answer:
The correct answer is A. $32,000.
Explanation:
Corporation's net operating profit/loss is calculated by subtracting all expenses incurred from all income/revenue earned during the period. However, income tax expense is not dedcuted to calculate net operating income.
net operating loss = income from operations- operating expenses + dividend income
net operating loss = 100,000 -150,000 + (90,000 + 20%)
= ($ 32,000)
