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Business, 02.10.2019 02:30 oreoassassin38

Last year, your company had sales of $2.4 million. the firm's costs of goods sold amounted to 34% of sales. the firm also paid cash operating expenses of $1,200,000, and had $80,500 in depreciation expense. the firm had $450,000 in 9% coupon bonds outstanding and paid $25,000 in dividends to its common stockholders. also, the firm received $40,000 in dividend income from its holdings of other common stocks. compute the corporation's tax liability.

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Last year, your company had sales of $2.4 million. the firm's costs of goods sold amounted to 34% of...

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