Business, 20.12.2019 20:31 jacamron

Zen energies is a chinese branch of super sigma inc., incorporated in u. s. in the year ending dec. 31, 2019, the net income of zen was 25 million yuan before tax of 25%. during the year the average exchange rate was 0.16379 yuan per dollar. the exchange rate on the date of payment of taxes is was 0.16474 yuan per dollar. determine the amount of u. s. taxable income.

a. $3.0711 million
b. $114.475 million
c. $18.75 million
d. $4.1007 million

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Zen energies is a chinese branch of super sigma inc., incorporated in u. s. in the year ending dec....

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