Genova had sales in 2017 of $2.1 million.The ordinary shareholders received $600 000 in cash dividends.Interest totaling $150,000 was paid on outstanding debts.Operating expenses totalled $300 000, and cost of goods sold was $500 000.What was the tax liability of Genova?

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The Answer of Genova had sales in 2017 of $2.1 million.The ordinary shareholders received $600 000 in cash dividends.Interest totaling $150,000 was paid on outstanding debts.Operating expenses totalled $300 000, and cost of goods sold was $500 000.What was the tax liability of Genova?

Genova Had Sales in 2017 of $2