Ski Company purchased a short-term investment on January 1, 20X1 as shown below. Cost of...
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Ski Company purchased a short-term investment on January 1, 20X1 as shown below. Cost of the short-term investment Fair value of the short-term investment at year-end Sales Operating expenses Tax rate Estimated tax payment 30% 25,000 What is net income for 20X1? 250,000 304,000 1,050,000 897,000
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