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The accounting year-end for Company A is 31st May 2020. On 31st May 2020, Company A provides the following balances for some accounts: sales revenue

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The accounting year-end for Company A is 31st May 2020. On 31st May 2020, Company A provides the following balances for some accounts: sales revenue is 50,000, the inventory on 31st May 2019 is 8,000. Total purchases for the period amount to 1,000 and the inventory on 31st May 2020 is 1,500. The salary expenses are 2,000 and interest expense is 2,000. The corporate tax rate is 19%. Considering this information, which is the taxation expense attributable to the current accounting period for Company A? Select one: a. 7,315 b. 38,500 c. None of the answers is true d. 31,185

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