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A company has the following balances for 2022 (all pre-tax). The company has a 30% tax rate. Cost of goods sold 80,000 Depreciation expense 15,000
A company has the following balances for 2022 (all pre-tax). The company has a 30% tax rate.
| Cost of goods sold | 80,000 |
| Depreciation expense | 15,000 |
| Discontinued operations (pre-tax loss) | 20,000 |
| Dividends paid | 1,000 |
| Interest expense | 2,000 |
| Salaries expense | 10,000 |
| Sales | 130,000 |
| Utilities expense | 1,000 |
What is the company's 2022 net income or net loss?
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Management Information Systems Managing the Digital Firm
Authors: Ken Laudon, Jane P. Laudon
13th edition
133050696, 978-0133050691
