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

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 16CE

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