Two companies A and B have the same revenues and expenses, and both are subject...
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Accounting
Two companies A and B have the same revenues and expenses, and both are subject to taxes at the rate of 30%. The accounting Income Statement for the two companies is as follows:
However, assets in the two companies are subject to different Capital Contribution Rates amounting to $250,000 for A and 350,000 for B. What are the taxes paid in this fiscal year by each of these two companies?
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