Question

Compute Radish Company’s taxable income given the following information:
• Excess of gross profit on installment sales over gross profit for taxes ..... $ 6,000
• Tax-exempt interest revenue on municipal bonds ............ 3,000
• Pretax financial income ...................... 55,000
• Excess of rent collected in advance over rent revenue ........... 8,000



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  • CreatedDecember 09, 2013
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