The Fitness Studio, Inc.s 2015 income statement lists the following income and expenses: EBIT = $538,000, interest

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The Fitness Studio, Inc.’s 2015 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $63,000 and net income = $435,000. Calculate the 2015 taxes reported on the income statement.

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:20 AM

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The Fitness Studio, Inc.s 2015 income statement lists the following income and expenses: EBIT = $538,000, interest

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Finance Applications and Theory

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