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For the Sake of Simplicity, Assume Once Again That US1's

Question 27

Multiple Choice

For the sake of simplicity, assume once again that US1's cost of sales was calculated to be CDN$3,000,000. What is the amount (in Canadian dollars) of US1's net income?


A) $300,000.
B) $301,500.
C) $302,500.
D) $412,500.

Correct Answer:

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