Multiple Choice
Given the following statement of comprehensive income data, calculate net income: sales = $135, cost of goods sold = $40, miscellaneous expenses = $35, depreciation = $20, interest expense = $20, tax rate = 34%.
A) $13.20
B) $19.80
C) $20.00
D) $23.10
E) $42.90
Correct Answer:
Verified
Correct Answer:
Verified
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