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25 December, 06:56

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 Under normal circumstances (ignoring tax effects), permanent earnings would be computed as: Group of answer choices $110,000. $50,000. $90,000. $80,000.

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  1. 25 December, 08:24
    0
    80,000

    Explanation:

    860,000-250,000-10,000-520,000

    =80,000
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Home » Business » 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 Under normal circumstances (ignoring tax
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