Question
PLEASE HELP! I WILL GIVE THUMBS UP! Vaughn Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $199000
PLEASE HELP! I WILL GIVE THUMBS UP!
Vaughn Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $199000 loss in the year of disposal. The loss on disposal of the segment was $96000. If the tax rate is 20%, and income before income taxes was $1680000,
the income tax expense on the income before discontinued operations is $354000.
the income from continuing operations is $1344000.
net income is $1385000.
the losses from discontinued operations are reported net of income taxes at $295000.
If Year 1 equals $800, Year 2 equals $824, and Year 3 equals $896, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is
96%.
112%.
103%.
109%.
Assume the following sales data for a company:
2022 | $1000000 |
2021 | 810550 |
2020 | 650000 |
If 2020 is the base year, what is the percentage increase in sales from 2020 to 2021?
154%
125%
54%
25%
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