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The following data were taken from the records of Township Corporation at December 31 of the current year: Sales revenue $ 90,000 Gross profit 37,000 Selling (distribution) expense 5,700 Administrative expense ? Pretax income 13,800 Income tax rate 35% Shares of stock outstanding 2,800
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The following data were taken from the records of Township Corporation at December 31 of the current...
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