The following information is provided. Sales revenue HK$8,000 Gain on sale of plant assets 26,400 Selling...
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The following information is provided. Sales revenue HK$8,000 Gain on sale of plant assets 26,400 Selling and administrative expenses 8,800 Cost of goods sold 48,400 Interest expense 4.400 Income tax rate 20 % Determine (a) Income from operations HK$enter a hong kong dollar amount (b) Income before income tax HK$enter a hong kong dollar amount (c) Net income HK$enter a hong kong dollar amount The following information is provided. Sales revenue HK$8,000 Gain on sale of plant assets 26,400 Selling and administrative expenses 8,800 Cost of goods sold 48,400 Interest expense 4.400 Income tax rate 20 % Determine (a) Income from operations HK$enter a hong kong dollar amount (b) Income before income tax HK$enter a hong kong dollar amount (c) Net income HK$enter a hong kong dollar amount
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Answer rating: 100% (QA)
Requirementa Amount in Particulars HK Sales revenue Less Cost of Goods Sold 88000 48400 Gros... View the full answer
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Posted Date:
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