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What permanent earnings would be computed as

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A company reports the following amounts at the end of the current year:

Sales revenue $860,000

Selling expenses $250,000

Gain on the sale of land $30,000

Interest expense $10,000

Cost of goods sold $520,000

Problem 1: Under normal circumstances (ignoring tax effects), permanent earnings would be computed as:

a. $90,000
b. $80,000
c. $50,000
d. $110,000

Reference no: EM132822670

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