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Q1) From the following information prepare an income statement: Answer 1: Income Statement QI) From the following information prepare an income statement: Other expenses Depreciation
Q1) From the following information prepare an income statement: Answer 1: Income Statement
QI) From the following information prepare an income statement: Other expenses Depreciation Tot op. costs Int. expense 720,000 116,960 176,000 The tax rate is 40% Answer I: Income Statement Sales Gross Profit Operating expenses EBIT Int. expense Taxes (40%) Net income -63,424
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