APTERS 1-2 instructions I help .00 points MC Qu. 5 Income Statement Bullseye, In

ID: 2393154 • Letter: A

Question

APTERS 1-2 instructions I help .00 points MC Qu. 5 Income Statement Bullseye, Inc.'s 2008 income statement lists... ncome Statement Bullseye, Inc's 2008 income statement lists the following income and expenses: EBIT = $907,500, Interest expense $84,000, and Net income $580,500. What is the 2008 Taxes reported on the income statement? $243,000 O $327000 O There is not enough information to calculate 2008 Taxes. O $823,500 References MC Qu. 5 Income Statement Bullseye, Inc.'s 2008 income statement lists... Multiple Choice Difficulty: 1 Basic

Explanation / Answer

Answer:

Your answer is Correct that income tax expanses=$243,000

Working notes for the answer:

EBIT

907500

Less: Interest expanses

84,000

EBT

823,500

Less: Tax Expanses(823500-580500)

243,000

Net Incmoe

580500