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Points: 1 22 Mr. Klaus Corp. had the following results for the past year: sales $632,208; dividends paid $13,500; cost of goods sold $267,203; and
Points: 1 22 Mr. Klaus Corp. had the following results for the past year: sales $632,208; dividends paid $13,500; cost of goods sold $267,203; and depreciation expense $184,625. If the firm faces a tax rate of 35 percent, what was the net income for the past year? A $180,830 B $126,266 $119,822 D $117,247
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