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Use the following to answer questions 22 - 29 GHT Corporation reports the following amounts in its December 31, 20XD income statement: Cost of goods
Use the following to answer questions 22 - 29 GHT Corporation reports the following amounts in its December 31, 20XD income statement: Cost of goods sold Sales discounts Salaries expense Interest expense $430,000 Net sales 15,000 Advertising expense 285,000 Utilities expense 1,000 Effective income tax rate $900,000 100,000 12,000 20% 22. $. Determine Sales 23. $ Determine gross profit 24. $_ Determine operating expenses 25. $_ Determine Income before income taxes (IBT)
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