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Ugo [173]
3 years ago
12

Lintner Beverage Corp. reported the following information from their financial statements:

Business
1 answer:
sveticcg [70]3 years ago
6 0

Answer:

Consider the following calculations

Explanation:

EBIT - Interest + Dividend Income ( 1 - 0.7) = EBT

$ 14.000.000 - $ 1.750.000 + $ 1.000.000 * 0.3 = $ 12.550.000

Base taxes for $ 10000000 = $ 3400000

( $ 12550000 - $ 10000000 ) *0.35 = $ 892500

$ 3400000 + $ 892500 = $ 4292500 in total taxes due

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