Business, 21.02.2020 04:30 Dianar8407

A company reports the following amounts at the end of the current year:

Sales revenue $ 860,000

Selling expenses 250,000

Gain on the sale of land 30,000

Interest expense 10,000

Cost of goods sold 520,000

Under normal circumstances (ignoring tax effects), permanent earnings would be computed as:

a) $90,000.

b) $80,000.

c) $50,000.

d) $110,000.

Answers: 3

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A company reports the following amounts at the end of the current year:

Sales revenue $...

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