19.
EBT = EBIT - interest expense = $900,000 - $85,000 = $815,000.
Tax paid = EBT - Net income
= $815,000 - $570,000
= $245,000.
Taxes reported on the income statement = $245,000.
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19. Migena's 2018 income statement lists the following income and expenses: EBIT = $900,000, interest expense...
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