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Venus Inc,A Software Consultancy Firm,had Depreciation of $20

Question 2

Multiple Choice

Venus Inc.,a software consultancy firm,had depreciation of $20.8 million and a net interest expense of $3.2 million for the past year.The firm's operating profit for the same year was $319.0 million.What was the firm's taxable income for the past year?


A) $400 million
B) $299.2 million
C) $295 million
D) $316.8 million

Correct Answer:

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