Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 From the following information for the income statement of Morooj's corporation on 31/12/2018 Net sales 650,000 - Income tax : 4000 - Cost of

image text in transcribed
1 From the following information for the income statement of Morooj's corporation on 31/12/2018 Net sales 650,000 - Income tax : 4000 - Cost of sales: 300,000 Selling, general and administrative expenses: 16,000 - Other income : 20,000 Depreciation, amortization and provisions : 33,000 Other income items : 18,000 Non-recurring income and expenses : 25,000 Finance costs 4000 which is the earning before income and tax? 296,000 AD 190,000.00 260.000.CO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: John Wild, Ken Shaw, Barbara Chiappett

23rd edition

1259536351, 978-1259536359

Students also viewed these Accounting questions