Carrefour Company's gross profit is OMR 550,000. The other balances are: Insurance OMR 70,000, Rent received OMR 50,000, Salaries and wages OMR 65,000, Advertisement OMR 20,000 and Utilities OMR 35,000. In this case, the Net income before interest and tax will be: O a. None of these O b. OMR 445,000 O c. OMR 460,000 O d. OMR 410,000
Carrefour Company's gross profit is OMR 550,000. The other balances are: Insurance OMR 70,000, Rent received OMR 50,000, Salaries and wages OMR 65,000, Advertisement OMR 20,000 and Utilities OMR 35,000. In this case, the Net income before interest and tax will be: O a. None of these O b. OMR 445,000 O c. OMR 460,000 O d. OMR 410,000
Chapter12: S Corporations
Section: Chapter Questions
Problem 16CE
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Transcribed Image Text:Carrefour Company's gross
profit is OMR 550,000. The
other balances are: Insurance
OMR 70,000, Rent received
OMR 50,000, Salaries and
wages OMR 65,000,
Advertisement OMR 20,000
and Utilities OMR 35,000. In
this case, the Net income
before interest and tax will be:
O a. None of these
O b. OMR 445,000
O c. OMR 460,000
O d. OMR 410,000
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