Construction Accounting And Financial Management (4th Edition)
Construction Accounting And Financial Management (4th Edition)
4th Edition
ISBN: 9780135232873
Author: Steven J. Peterson MBA PE
Publisher: PEARSON
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Chapter 13, Problem 14P

A construction company has an estimated profit, before taxes, of $256,452 for the year. Included in the company’s costs is $25,622 for meals and $7,652 for entertainment. Determine the taxable income for the company.

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