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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $35,000 Cost of Goods Sold $370,000 Other Operating Expenses $300,000 Sales

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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $35,000 Cost of Goods Sold $370,000 Other Operating Expenses $300,000 Sales $2,585,000 Cost of Equipment purchased during the year (10 year estimate useful life, 0 salvage value) $410,000 Calculate Flip's taxable liability for the current year A C D E 1 Taxable Liability 2 4 5 6 7 8 10 9 st

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