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2-3 Mr. Christie Corp. had the following results for the past year: sales $326,200; dividends paid $15,300; depreciation expense $84,500; and cost of goods sold
2-3
Mr. Christie Corp. had the following results for the past year: sales $326,200; dividends paid $15,300; depreciation expense $84,500; and cost of goods sold $176,000. If the firm faces a tax rate of 35%, what was the net income for the past year? A $22,995 B $42,705 $45,990 D $65,700Step by Step Solution
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