The following is the income statement belongs to Excel Star LLC for the year ending 31...

  

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The following is the income statement belongs to Excel Star LLC for the year ending 31 December 2020: Excel Star LLC Income Statement for the year ending 31December 2020 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income: Select one: OMR 25000 7000 18000 8000 a. 10000 OMR b. 18200 OMR Oc. 9800 OMR d. 4200 OMR 10000 Interest Income Profit Before Tax If the company pays an income tax expense on its profit at 30%, determine the amount of tax payable 4000 OMR 14000 The following is the income statement belongs to Excel Star LLC for the year ending 31 December 2020: Excel Star LLC Income Statement for the year ending 31December 2020 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income: Select one: OMR 25000 7000 18000 8000 a. 10000 OMR b. 18200 OMR Oc. 9800 OMR d. 4200 OMR 10000 Interest Income Profit Before Tax If the company pays an income tax expense on its profit at 30%, determine the amount of tax payable 4000 OMR 14000

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Income Tax Expense is calculated on Profit So ... View the full answer