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Income statement of lilo corporation for the year ended

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1.The following data were taken from the records of LILO Corporation for the year ended December 31, 2010:

Sales .....................900,000
Sales returns and allowances ...........10,000
Selling and administrative expenses ........170,000
Cost of goods sold ................510,000
The income tax rate is ...............35%.

Income statement of LILO Corporation for the year ended December 31, 2010: 

Reference no: EM13987494

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