Which of the following is the amount that is computed by the following formula? Income before tax from the income statement * Income tax rate The amount that is computed from the formula is income tax payable. The amount that is computed from the formula is income tax expense. The amount that is computed from the formula is the difference in income tax payable and income tax expense. The amount that is computed from the formula is deferred taxes payable. Which of the following shows the relationship between net income available to common shareholders and average common equity? Net income shows the relationship between net income available to common shareholders and average common equity. The rate of return on stockholders' equity shows the relationship between net income available to common shareholders and average common equity. Taxable income shows the relationship between net income available to common shareholders and average common equity. The rate of return on total assets shows the relationship between net income available to common shareholders and average common equity. A consolidated balance sheet shows: combined liabilities and stockholders' equity for the parent and subsidiary, but assets for solely the parent. combined assets and liabilities for the parent and the subsidiary, but stockholders' equity for solely the subsidiary. combined assets and stockholders' equity for the parent and the subsidiary, but liabilities for solely the subsidiary. combined assets and liabilities for the parent and the subsidiary, but stockholders' equity for solely the parent. Which of the following is the book value of preferred stock? The book value of cumulative preferred stock is equal to par value minus any dividends in arrears. The book value of preferred stock is equal to liquidation value plus any dividends in arrears. The book value of preferred stock is equal to liquidation value minus any dividends in arrears. None of the above. Which of the following is included on a partnership balance sheet? A list of liabilities incurred by each partner A list of ending capital account balances for each partner A list of assets contributed by each partner A list of the ending drawing account balances for each partner