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During the year, cost of goods sold was $40,000; income from operations was $38,000; income tax expense was $8,000; interest expense was $6,000; and selling, general, and administrative expenses were $22,000.

Required:

find out net sales, gross profit, income before taxes, and net income.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M942133

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