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2-6 Income Statement Bullseye, Incorporated's 2018 income statement... Income Statement Bullseye, Incorporated's 2018 income statement lists the following income and expenses: EBIT = $500,000, Interest
2-6 Income Statement Bullseye, Incorporated's 2018 income statement... Income Statement Bullseye, Incorporated's 2018 income statement lists the following income and expenses: EBIT = $500,000, Interest expense = $50,000, and Net income = $315,000. What is the 2018 Taxes reported on the income statement?
Multiple Choice
There is not enough information to calculate 2018 Taxes.
$450,000
$185,000
$135,000
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