Corporations total after tax net income
Assume the following for your corporation:
sales (aka revenue) $250Cost of goods sold 160depreciation 35Interest Expense 20tax rate = 34%
What is the corporation's total after tax net income?
a. 23.10
b. 11.90
c. 35.00
d. 46.20
e. 36.30
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1. Record the preceding transactions in the general journal. 2. Post the transactions to T-Accounts and calculate the account balances.
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