Question
Centennial Brewery produced revenues of $1,159,609 in 2020. It has cost of goods sold and operating expenses (excluding depreciation) of $850,097, depreciation of $136,984, and
Centennial Brewery produced revenues of $1,159,609 in 2020. It has cost of goods sold and operating expenses (excluding depreciation) of $850,097, depreciation of $136,984, and interest expense of $83,356. It pays a company tax rate of 35 percent. What is the company's net income?
Round the answer to the whole number.
Your Answer:
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
