A company had sales revenue of $500,000, cost of goods sold of $200,000, and operating expenses of

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A company had sales revenue of $500,000, cost of goods sold of $200,000, and operating expenses of $150,000 for the year. The company also paid $20,000 in interest expense and had a tax rate of 30%. Calculate the company's net income for the year.

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Posted Date: Feb 16, 2023 01:00 AM

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A company had sales revenue of $500,000, cost of goods sold of $200,000, and operating expenses of

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Intermediate Accounting

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