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23. Williams Incs income statement included the following data. The firms average tax rate was 20%. Cost of goods sold = $9,000; income taxes paid
23. Williams Incs income statement included the following data. The firms average tax rate was 20%.
Cost of goods sold = $9,000; income taxes paid = $2,000
Administrative expenses = $3,000; Interest expenses = $1,000
Depreciation = $2,000
The firms net income is:
$22,000
$23,000
$24,000
$25,000
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