Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 19, 2024

Please select the correct answer for problem #11, SHOWING RHE ANSWER CORRECTLY. Thank you! If a company has a discontinued operation gain of $ 55000

Please select the correct answer for problem #11, SHOWING RHE ANSWER CORRECTLY. Thank you!

If a company has a discontinued operation gain of $ 55000 and a 33% tax rate, what is the effect on net income? Increase of $ 55000. O Increase of $36850. O No effect. O Increase of $ 18150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

FINANCIAL & MANAGERIAL ACCOUNTING FOR DECISION MAKERS

Authors: Dyckman, Hanlon, Magee, Pfeiffer, Hartgraves, Morse

3rd Edition

1618532340, 9781618532343

More Books

Students also viewed these Accounting questions

Question

★★★★★

Musixscore.com is an online service providing sheet music to customers. On the browse music Web page, customers select a genre of music from a drop-down list. The Web page uses Ajax to obtain a list...

Answered: 1 week ago

Question

★★★★★

According to the Pecking Order Hypothesis, companies in an asymmetric world that use will avoid and will use instead. O external funding; equity funding; debt financing external funding; debt...

Answered: 1 week ago

Question

★★★★★

A system has a random number of flaws that we will suppose is Poisson distributed with mean c. Each of these flaws will, independently, cause the system to fail at a random time having distribution...

Answered: 1 week ago

Question

★★★★★

The items that follow are from the Income Statement columns of winters Repair Shops work sheet for the year ended December 31, 2014. Prepare journal entries to close the revenue, expense, Income...

Answered: 1 week ago

Question

★★★★★

Glocker Company makes three products in a single facility. These products have the following unit product costs: Glocker Company makes three products in a single facility. These products have the...

Answered: 1 week ago

Question

★★★★★

We have looked at the math behind the buyback contract and seen how the "profit pie" can be enlarged with the right supply chain alignment via the contract agreement. The profit pie can the be split...

Answered: 1 week ago

Question

★★★★★

Simply put, it gave the impression that things were three times larger than they actually were. He improved the design of the telescope so that it could zoom in eight times and then thirty. The...

Answered: 1 week ago

Question

★★★★★

Makeup product (e.g. any one item such as eyeshadows, foundation etc. ) Hint: How will you obtain feedback about competitors' similar products? Use survey or other method for collecting customer...

Answered: 1 week ago

Question

★★★★★

During July, the following are given: Standard unit price 12.50 Standard Quantity Allowed for actual production 6,300 units Actual unit purchase price Quantity purchased and used for production...

Answered: 1 week ago

Question

★★★★★

An RFP is used for what type of procurement? Give an advantage and a disadvantage of the RFP process

Answered: 1 week ago

Question

★★★★★

You are the area manager of several starbucks and you make all of the decisions regarding land, building, and equipment. Additionally you are responsible for all of the profits of the starbucks in...

Answered: 1 week ago

Question

★★★★★

What is the purpose of the EEOC?

Answered: 1 week ago

Question

★★★★★

What might occur if Mr. Jameson tells Ms. Diazs supervisor that she is an unreliable employee?

Answered: 1 week ago

Question

★★★★★

Describe how HRD can be linked to the goals and strategies of an organization

Answered: 1 week ago

Previous Question Next Question