income before income tax ?

income tax expense ?

More Info Suppose the division provided copy services to a customer for the discounted price of $256,620. Under normal conditions, Harris's would have provided these services for $282,000. Other revenues totalled $53,000. Salaries cost the division $22,000 to provide these services. The division had to pay employees overtime. Ordinarily, the salary cost for these services would have been $19,800. Other expenses totalled $247,000. Income tax expense was 35% of income before tax. Harris's has two operating divisions. Each division is accounted for separately to indicate how well each is performing. At year-end, Harris's combines the statements of divisions to show results for Harris's as a whole. Inflation affects the amounts that Harris's must pay for copy machines. To show the effects of inflation, net income would drop by $5,000. If Harris's were to go out of business, the sale of its assets would bring in $152,000 in cash. Print Done More Info Suppose the division provided copy services to a customer for the discounted price of $256,620. Under normal conditions, Harris's would have provided these services for $282,000. Other revenues totalled $53,000. Salaries cost the division $22,000 to provide these services. The division had to pay employees overtime. Ordinarily, the salary cost for these services would have been $19,800. Other expenses totalled $247,000. Income tax expense was 35% of income before tax. Harris's has two operating divisions. Each division is accounted for separately to indicate how well each is performing. At year-end, Harris's combines the statements of divisions to show results for Harris's as a whole. Inflation affects the amounts that Harris's must pay for copy machines. To show the effects of inflation, net income would drop by $5,000. If Harris's were to go out of business, the sale of its assets would bring in $152,000 in cash. Print Done