The following information was obtained from the Quayle Company income statement: Earnings before Interest and Income Tax
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Question:
The following information was obtained from the Quayle Company income statement:
Earnings before Interest and Income Tax Expense | $696,000 |
Interest expenses | 80.500 |
Profit before Income Tax Expense | 615,500 |
Income from tax expenses | 230.000 |
Net Income | $385,500 |
What is the reason for the accrued interest?
Related Book For
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
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