4 Use the following to calculate pretax income (IBT): $ 5,000 Sales revenue 4,000 Cost of goods sold 14,000 Salaries expense Interest revenue 300,000 Income tax expense 175,000 85,000 6,000 Selling expenses Utilities expense 5,000 Rent expense
4 Use the following to calculate pretax income (IBT): $ 5,000 Sales revenue 4,000 Cost of goods sold 14,000 Salaries expense Interest revenue 300,000 Income tax expense 175,000 85,000 6,000 Selling expenses Utilities expense 5,000 Rent expense
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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What the answer for 4 because it’s not 26,000 or 20,000
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