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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000...

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Accounting

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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000 Cost of Goods Sold $390,000 Other Operating Expenses $305,000 Sales $2,085,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $375,000 Calculate Flip's taxable liability for the current year. To E 2 Taxable Liability = Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $6,600,000 Interest Income $55,000 Business Interest Expense $150,000 Calculate Flip's tax liability for the current year. TD . 2 Taxable Liability = 9 10

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