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Dijon Company has the following information related to its operations during 2021: The firm completed five contracts for customers. The contracts are for $60,000 each
Dijon Company has the following information related to its operations during 2021: The firm completed five contracts for customers. The contracts are for $60,000 each for a total of $300,000 and the customers will pay back the contract in equal installments over four years starting in the first year. Municipal bond interest revenue was $42,000. The firm received $250,000 for magazine subscriptions all of which will be will be issued during 2021. Pretax financial income is $750,000. The tax rate is 20% for all years.
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