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Determine income before income tax

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Reference no: EM132648275

Sales revenue HK$116,000

Gain on sale of plant assets 34,800

Selling and administrative expenses 11,600

Cost of goods sold 63,800

Interest expense 5,800

Income tax rate 20 %

Question 1: Determine (a) Income from operations HK$ 116000 (b) Income before income tax HK$ 5800 (c) Net income HK$

Reference no: EM132648275

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