C | ? ezto.mheducation.com/hm.tpx onnect 1 CHAPTERS 1-2 Instructions Ih Question

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C | ? ezto.mheducation.com/hm.tpx onnect 1 CHAPTERS 1-2 Instructions Ih Question 12 (of 20) Save & Ext Subm value 5.00 points MC Qu. 5 Income Statement Bullseye, Inc's 2008 income statement lists.. ncome Statement Bullseye, Inc's 2008 income statement lists the following income and expenses: EBIT $907500, Interest expense $84,000, and Net income $580,500. What is the 2008 Taxes reported on the income statement? O $327000o O $243,000 $823,500 O There is not enough information to calculate 2008 Taxes. Multiple Choice MC Qu. 5 Income Difficulty 1 Basic Statement Bullseye Inc's 2008 income statement lists

Explanation / Answer

Calculate tax :

So answer is b) $243000

Earning before interest and tax 907500 Interest expense 84000 Earning before tax 823500 Net income 580500 Income tax 243000

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