Question
Lantos company has a 40 percent tax rate. given the following pre-tax amounts, what would be the income tax expense reported on the face of
Lantos company has a 40 percent tax rate. given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement?
Sales Revenue $300,000
COGS $180,000
Salary Exp $24,000
Depreciation Exp $33,000
Dividend Revenue $27,000
Utilities Exp $3000
Extraordinary loss $30,000
Interest Exp $6000
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Practical Guide To Auditing SAP Systems
Authors: Martin Metz, Sebastian Mayer
1st Edition
3960126409, 978-3960126409
