QUESTION A:

QUESTION B:

If a company has a discontinued operations gain of $50000 and a 32% tax rate, what is the effect on net income? Increase of $16000. No effect. Increase of $50000. Increase of $34000. A $890000 bond was issued at 97 and repaid at maturity. The entry to record the retirement would include a a credit to Cash for $863300. a debit to Interest Expense for $26700. a debit to Discount on Bonds Payable for $26700. a debit to Bonds Payable for $890000