Question
XYZ Company has the following data: Total Operating Expenses of Php 175,000.00, Cost of Sales of 47% on which the Sales amount is Php 875,000.00.
XYZ Company has the following data: Total Operating Expenses of Php 175,000.00, Cost of Sales of 47% on which the Sales amount is Php 875,000.00. Tax is 20%. Question: How much is the Net Income Before Tax? Show your computation.
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
