areelgreen28761 areelgreen28761

06-10-2022
Business

Answered

cora company has a income tax rate of 20%. income before taxes for year9 was $390,000. the $390,000 includes the following results from the sport and snack divisions: $( 40,000) loss on sale of the sport division during year9. (it was sold the 1st day of year 9) $ 430,000 operating results of the snack division during year9 $ 390,000 the sport division sale qualified as a discontinued operation. what will cora company reports as income from continuing operations (after tax) for year9? a. $352,000. b. $330,000 c. $312,000 d. $344,000. e. $430,000. f. $320,000.

Answer :

Other Questions

on october 31, leigh corp. approved a formal plan to dispose of its knit products division. on december 31, the knit products division was held for sale but had

henry josstick has just started his first accounting course and has prepared the following balance sheet and income statement for omega corporation. unfortunate

on january 1 of the current year, lean company made an investment of $10,000. the following is the present value of $1.00 discounted at a 10% interest rate:

a pharmaceutical company faces a price regulation where it cannot charge any higher than $5,000 for a lifesaving drug. the company knows that the patients put a

A company's yearly profits from 1996 to 2006 can be modeled by the function y = x2 - 8x 80 where y is the profit (in thousands of dollars) and x is the number o

As the president of a local trade company, lisa is faced with leadership, ethical, and operational decisions on a daily basis. Lisa’s responsibilities include e

As the president of a local trade company, lisa is faced with leadership, ethical, and operational decisions on a daily basis. Lisa’s responsibilities include e

international trade can have important effects on the distribution of income because group of answer choices different countries use different currencies.

Potboiler company has a lending agreement with its bank that states that the company must maintain stockholders’ equity of at least $500,000. The company will b

on january 1, 2019, pride corporation purchased 90 percent of the outstanding voting shares of star, inc., for $576,000 cash. the acquisition-date fair value of