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    Financial Accounting Study Set 2
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    Exam 8: Completing the Operating Cycle
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    Income Taxes Shown on the Income Statement Are Based on
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Income Taxes Shown on the Income Statement Are Based on

Question 68

Question 68

Multiple Choice

Income taxes shown on the income statement are based on


A) Net income
B) Gross margin
C) Income before taxes
D) Sales

Correct Answer:

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