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Flip's Pizzeria Inc. has the following financial items for the current year Advertising Expenses $50,000 Cost of Goods Sold $410,000 Other Operating Expenses $375,000 Sales
Flip's Pizzeria Inc. has the following financial items for the current year Advertising Expenses $50,000 Cost of Goods Sold $410,000 Other Operating Expenses $375,000 Sales $2.555.000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $320,000 Calculate Flip's taxable bability for the current year, Answer is complete but not entirely correct. A D E 1 2 Taxable Labit $ 1.400.000 3 4 5 6 7 8 10
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