Question
Simpson Productions Inc. had net sales of $300,000, costs of sales of $150,000, additional expenses of $100,000, depreciation of $50,000, and a tax rate of
Simpson Productions Inc. had net sales of $300,000, costs of sales of $150,000, additional expenses of $100,000, depreciation of $50,000, and a tax rate of 30%. Use this information to determine the firm's after tax earnings on a cash basis.
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
17th Edition
0073379654, 9780073379654
