Question: The records for Good Co. show this data for Year 12: Pre-tax accounting income is $250,000. Gross profit on instalment sales recorded on

The records for Good Co. show this data for Year 12: • Pre-tax accounting income is $250,000. • Gross profit on instalment sales recorded on the books was $200,000. Gross profit from collections of instalment receivables was $150,000. The company has instalment sales each year • Social dues were $3,800

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