A company reports the following amounts at the end of the current year:
Sales revenue $...
Business, 21.02.2020 04:30, Dianar8407
A company reports the following amounts at the end of the current year:
Sales revenue $ 860,000
Selling expenses 250,000
Gain on the sale of land 30,000
Interest expense 10,000
Cost of goods sold 520,000
Under normal circumstances (ignoring tax effects), permanent earnings would be computed as:
a) $90,000.
b) $80,000.
c) $50,000.
d) $110,000.
Answers: 3
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