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Please show the answer clearly. thx Coronasux, Inc. had revenue of $500,000, COGS of $375,000, Operating expenses of $50,00 purchase of fixed assets of $85,000,
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thx
Coronasux, Inc. had revenue of $500,000, COGS of $375,000, Operating expenses of $50,00 purchase of fixed assets of $85,000, dividends of $4,000, a loss from discontinued operations $10,000 and an unrealized gain from available for sale securities of $20,000. All of the prece numbers are pre-tax and there is a tax rate of 25%. Based upon these facts (there will be a lot questions with these facts, consider jotting them down): WHAT IS CORONASUX' TAX ON DISCONTINUED OPERATIONS (dont worry about benefit expense, enter as a positive number, i.e. absolute value)? 2,500 Question 21 Coronasux, Inc. had revenue of $500,000, COGS of $375,000, Operating expenses of $50,000, purchase of fixed assets of $85,000, dividends of $4,000, a loss from discontinued operations of $10,000 and an unrealized gain from available for sale securities of $20,000. All of the preceding numbers are pre-tax and there is a tax rate of 25%. Based upon these facts (there will be a lot of questions with these facts, considerjotting them down): WHAT IS CORONASUX' TOTAL TAXES ON THE INCOME STATEMENT (ignoring intra-period ta- allocation; the total tax regardless of what section it sits in)Step by Step Solution
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