FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a company has a discontinued operation gain of $36000 and a 33% tax rate, what is the effect on net income? o Increase of

image text in transcribed
If a company has a discontinued operation gain of $36000 and a 33% tax rate, what is the effect on net income? o Increase of $36000 Increase of $24120. Increase of $11880 No effect Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audits

Audits

Authors: Arthur E Cutforth

1st Edition

1017097445, 978-1017097443

More Books

Students also viewed these Accounting questions

Question

★★★★★
What are the advantages and disadvantages of varying the size of the workforce to meet demand requirements each period?

Answered: 1 week ago

Question

★★★★★
A motorcycle has a constant speed of 25.0 m/s as it passes over the top of a hill whose radius of curvature is 126 m. The mass of the motorcycle and driver is 342 kg. Find the magnitudes of. (a) The...

Answered: 1 week ago

Question

★★★★★
1.2 Define communication and describe five characteristics of the communication process. At its most basic level, communication is the process of acting on information. Human communication is the...

Answered: 1 week ago

Question

★★★★★
The Radiology Department provides imaging services for Emergency Medical Center. One important activity in the Radiology Department is transcribing digitally recorded analyses of images into a...

Answered: 1 week ago

Question

★★★★★
If a company has a discontinued operation gain of $36000 and a 33% tax rate, what is the effect on net income? o Increase of $36000 Increase of $24120. Increase of $11880 No effect Click if you would...

Answered: 1 week ago

Question

★★★★★
K Mr. Merkel has contributed $180.00 at the end of each month into an RRSP paying 4% per annum compounded annually. How much will Mr. Merkel have in the RRSP after 20 years? Use this formula: FV=Pmt(...

Answered: 1 week ago

Question

★★★★★
Which are the key benefits of SAP S/4HANA Cloud for receivables management?Which of the capabilities below are included in SAP S/4HANA Cloud receivables management? Manage international trade Perform...

Answered: 1 week ago

Question

★★★★★
If your team gets together as a group to inform management that they need to be able to control the thermostat in the office to have a comfortable work environment, or else they will not be able to...

Answered: 1 week ago

Question

★★★★★
How are digital technologies changing family life? 2.) How are digital technologies changing the following social institutions: politics, education, the economy, and religion to make them better and...

Answered: 1 week ago

Question

★★★★★
Research and find any organization's Mission Statement. 1. Copy and paste the Mission Statement 2. What about the Mission Statement captured your attention? 3. Do you think the company is following...

Answered: 1 week ago

Question

★★★★★
a ) Write a few statements included in the code of ethics of your field that are related to the ethical problems in the collapse of the Surfside Condo.

Answered: 1 week ago

Question

★★★★★
B Think about some of the potential ethical dangers of crossing the line between an informative and a persuasive speech in this case. Where might you be tempted to persuade your audience? How can you...

Answered: 1 week ago

Question

★★★★★
Choose an appropriate organizational pattern for your speech

Answered: 1 week ago

Question

★★★★★
Writing a Strong Conclusion

Answered: 1 week ago

Previous Question Next Question