IRAN Company operates in different geographical areas. The following information pertains to IRAN Company's oeprations for...
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IRAN Company operates in different geographical areas. The following information pertains to IRAN Company's oeprations for the year 2020: Geographical Identifiable Third-party Intersegment After-tax Segment assets sales sales Profit/(Loss) Tehran Esfahan Mashhad Karaj P 10 M P 4M 20 M 8 M 8MP 6M 4 M 2M 5MP 2.25 M ( 0.5 M ( 0.35 M 7M 3 M) 1.9 M 0.75 M How much is the after-tax consolidated profit or loss of IRAN for the year ended December 31, 2020? Assume that the operating expenses is 40% of third-party sales and enacted tax rate is 25%. NOTE: If your answer is an after-tax loss, indicate a negative amount (e.g. -1,400,000). If your answer is an after-tax profit, just write the amount as is. (e.g. 1,400,000) IRAN Company operates in different geographical areas. The following information pertains to IRAN Company's oeprations for the year 2020: Geographical Identifiable Third-party Intersegment After-tax Segment assets sales sales Profit/(Loss) Tehran Esfahan Mashhad Karaj P 10 M P 4M 20 M 8 M 8MP 6M 4 M 2M 5MP 2.25 M ( 0.5 M ( 0.35 M 7M 3 M) 1.9 M 0.75 M How much is the after-tax consolidated profit or loss of IRAN for the year ended December 31, 2020? Assume that the operating expenses is 40% of third-party sales and enacted tax rate is 25%. NOTE: If your answer is an after-tax loss, indicate a negative amount (e.g. -1,400,000). If your answer is an after-tax profit, just write the amount as is. (e.g. 1,400,000)
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Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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