Homework answers / question archive / The Vaughn Industries has the following account balances:   Retained earnings $75700 Revenue $370000 Operating Expenses$299000 Interest Expense$17800     On the corporate income statement what will be the amount reported as "profit" given an income tax rate of 25%?

The Vaughn Industries has the following account balances:   Retained earnings $75700 Revenue $370000 Operating Expenses$299000 Interest Expense$17800     On the corporate income statement what will be the amount reported as "profit" given an income tax rate of 25%?

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The Vaughn Industries has the following account balances:

Retained earnings $75700

Revenue $370000

Operating Expenses$299000

Interest Expense$17800

On the corporate income statement what will be the amount reported as "profit" given an income tax rate of 25%?