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Savanna Limited sold goods to their new branch for $50,000 on the last day of the financial year. The goods were manufactured by the head
Savanna Limited sold goods to their new branch for $50,000 on the last day of the financial year. The goods were manufactured by the head office at a cost of $48,000. Savanna reported an annual profit before tax of $60,000, and the corporate tax rate was 30%. The branch had not sold any of the goods in question at the end of the day. SELECT ONLY ONE $40,600 What is Savanna's profit after tax after adjusting for unrealized profit? $43,400 $58,000 $60,000
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