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Green Company is resident, for tax purposes, in Italy. Here is the income statement for 2019: INCOME STATEMENT cost of goods sold 58 86 sales

Green Company is resident, for tax purposes, in Italy. Here is the income statement for 2019: INCOME STATEMENT cost of goods sold 58 86 sales revenues Telephone expenses 10 10 Unrealized gain on trading securities Salaries/wages Board of Directors 12 The tax advisor is informed

Compute the taxable income and the net profit for the year.

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