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mmaruska mmaruska
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A year ago
The formula for converting desired net income into operating income is

▸ desired net income times the income tax rate.

▸ desired net income divided by (1 - tax rate).

▸ desired net income divided by (1 + tax rate).

▸ the income tax rate divided by the desired net income.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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jp50jp50
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A year ago
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