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13 Use the following information : Sales revenue........ ..S.R300,000 ..90,000 Gain on sale of equipment Cost of goods sold... Interest expense..... .164,000 .16,000 Selling &
13 Use the following information : Sales revenue........ ..S.R300,000 ..90,000 Gain on sale of equipment Cost of goods sold... Interest expense..... .164,000 .16,000 Selling & administrative expenses......50000 Income tax rate..... .15% Find the amount of Income Tax (Show your calculation)? Use the editor to format your answer 4 Points
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