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  • Selected account balances fromt he adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013,...

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    Selected account balances fromt he adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013, follow

    Interest Revenue Credit 14,000

    Assume that the companys income tax rate is 30% for all items.  Compute the tax effects and after tax amounts of the four items

     

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