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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 $370,000 Other Operating Expenses $340,000 Sales

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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 $370,000 Other Operating Expenses $340,000 Sales $1,910,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $575,000 Calculate Flip's taxable liability for the current year. B 1 Taxable Liability = WN 4 5 6 7 8

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