What are the Earnings after tax for the Equity and Debt firm? A) $240
What are the Earnings after tax for the Equity and Debt firm?
A) $240,000
B) $300,000
C) $560,000
D) $0
ANSWER
C
Explanation: C) EAT = EBT – Taxes Payable = $800,000 – $240,000 = $560,000.
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