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Remaining Time: 44 minutes, 52 seconds. Question Completion Status: QUESTION 3 Operating income is $400,000, dividends paid to shareholders are $10,000, interest income is $8,000
Remaining Time: 44 minutes, 52 seconds. Question Completion Status: QUESTION 3 Operating income is $400,000, dividends paid to shareholders are $10,000, interest income is $8,000 and the corporate income tax rate is 30%. The company recorded a pre-tax loss of $100,000 from discontinued operations. What is net income? $215,600 $275,600 5208,600 $255,600 QUESTION 4 Pizza Slice, LLC reported net income of $150,000 for the year ended September 30, 2019. Included in the income statement is depreciation expense of $25,000. interest income of $3,000, and interest expense of $4,000. In addition, the following balance sheet account balances were reported: Sept 30, 2019 Sept 30, 2018 Cash $25,000 $34,000 Inventory 6,000 9,000 Fixed assets, net 125,000 $115,000 Accounts Payable 12,000 17,000 What is the cash flow from operating activities for Pizza Slice, LLC for the year ended September 30, 2019? 5177,000 $174,000 5182,000 5173,000 5156,000 Activate v Go to Serty Close Window Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers
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