Question
A company has revenue of $18,000; COGS of $8,000. Operating income of $4,000; Income before tax of $4,000; Tax expense of $500. What is the
A company has revenue of $18,000; COGS of $8,000. Operating income of $4,000; Income before tax of $4,000; Tax expense of $500. What is the companys net income and Selling, General & Admin expense? The answer is $ 6000 and $ 3500 respectively but could you please give detailed solution for how to calculate the required terms? Thank you very much!!
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Advanced Financial Accounting An International Approach
Authors: Jagdish Kothari, Elisabetta Barone
1st Edition
0273712748, 978-0273712749
