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If a company has a discontinued operation gain of $55000 and a 33% tax rate, what is the effect on net income? No effect. Increase
If a company has a discontinued operation gain of $55000 and a 33% tax rate, what is the effect on net income?
No effect.
Increase of $36850.
Increase of $18150.
Increase of $55000.
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Financial Accounting
Authors: Carl Warren, James M. Reeve, Philip E. Fess
8th Edition
0324025394, 978-0324025392
