Question
The income tax rate of Company A is 23.7%. A) What effect will an increase in income of $2,000,000 have on your company? B) What
The income tax rate of Company A is 23.7%.
A) What effect will an increase in income of $2,000,000 have on your company?
B) What are the effects on the balance sheet and income statement? Explain your response. Only asking about Part B.
A) An increase in income of $2,000,000 mean there is 1.34% increase. The new tax rate = 25.%
B) ???
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The Basics Of Quality Auditing
Authors: Ronald Blank
1st Edition
1138438863, 9781138438866
