Reference no: EM132980406
Question - Gelli Company provided the following information for the current year: Sales 9,500,000 Interest revenue 250,000
Gain sale of equipment 100,000
Revaluation surplus during the year 1,200,000
Share of profit of associate 350,000
Net purchases 6,600,000
Increase in inventory 600,000
Finance cost 150,000
Distribution costs 500,000
Administrative expenses 300,000
Income tax expense 950,000
Required - What is the net income for the current year?
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: Gelli Company provided the following information for the current year: Sales 9,500,000. What is the net income for the current year
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