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Green Light Trading Co. had the following taxable income and deduction for the tax year 20X2: Sales of inventory $1632800 Deductible cost of goods sold
Green Light Trading Co. had the following taxable income and deduction for the tax year 20X2: Sales of inventory $1632800 Deductible cost of goods sold (943800) Deductible expenses (503800) Taxable income ? What is Green Light Trading Co.'s taxable income for the tax year 20X2? Question 1Answer a. 1129000 b. 1447600 c. $1632800 d. 185200
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
