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Andre's Bakery Has Sales of $687,000 with Costs of $492,000

Question 46

Multiple Choice

Andre's Bakery has sales of $687,000 with costs of $492,000.Interest expense is $26,000 and depreciation is $42,000.The tax rate is 35 percent.What is the net income?


A) $42,750
B) $44,450
C) $82,550
D) $86,450
E) $124,550

Correct Answer:

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