SmartShop's profits have been growing at 5% per year. This year their profits were approximately $500,000. What were their profits last year?
Which one is the correct answer? $490,000
475000
475000
Yes, to the extent of Earnings and Profits, there after it must be considered either return of capital to the extent of the shareholders basis or as long term capital gains.
profits
474000
The answer depends on the period for which the old profits are required.
475000
Which one is the correct answer? $490,000
475000
475000
474000
The company's profits decreased by 12%
parking lol
The net yearly profits are approximately 250,000,000. That's triple of the yearly profits last year. Proactiv seems to be the leading competitor this year.
alec guiness
Capital gains tax