Question
Use the following information (in thousands): sales revenue 300.000 Earnings from the sale of equipment 90.000 cost of goods sold 164.000 interest expense 16.000 Selling
Use the following information (in thousands):
sales revenue | ¥300.000 |
Earnings from the sale of equipment | 90.000 |
cost of goods sold | 164.000 |
interest expense | 16.000 |
Selling and administrative expenses | 30.000 |
Income tax rate | %30 |
Determine the amount of net income.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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