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tatuchka [14]
3 years ago
13

Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2016:

Business
1 answer:
Shalnov [3]3 years ago
5 0

Answer:

Option (C) is correct.

Explanation:

Income tax expense:

= Operating income × Income tax rate

= $250,000 × 40%

= $100,000

Total income tax expense:

= (Operating income + Income on discontinued operations) × Income tax rate

= ($250,000 + $70,000) × 40%

= $128,000

Therefore, Freda's separately stated income tax expense and total income tax expense would be $100,000 and $128,000, respectively.

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Scubapro Corporation currently has 500,000 shares of common stock outstanding and plans to issue 200,000 more shares in a season
Ivan

Answer:

Scubapro Corporation

The investor who currently has 20,000 shares has the right to buy this number of shares, if she exercises her preemptive right:

E) 8,000 shares.

Explanation:

Data and Calculations:

Outstanding common stock = 500,000

Planned issue of additional shares = 200,000

Proportion of new issue to outstanding = 0.40 (200,000/500,000)

For an investor with 20,000 shares, she has the right to buy 8,000 (20,000 * 0.40) additional shares.

3 0
3 years ago
Assume Marigold Corp. deposits $90000 with First National Bank in an account earning interest at 4% per annum, compounded semi-a
erastova [34]

Answer:

a) $101354

Explanation:

To calculate the future balance of the interest-earning account use following formula

FV =  PV x ( 1 + r )^n

Where

FV = Future value = Balance of Interest-earning account after 3 years = ?

PV = present value = Amounr deposited in the account = $90,000

r = Periodic interest rate = 4% x 6/12 = 2%

n = Numbers of periods = Numbers of years x Compounding periods per year = 3 years  x 2 periods per year = 6 periods

Placing values in the formula

FV =  $90,000 x ( 1 + 2% )^6

FV = $101,354

8 0
3 years ago
If your vehicle has an EFI system,
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C: electronic fuel injection system control the fuel and air flow automatically during ignition. (In fact the most modern system probably completely ignore throttle input during ignition, at least those that are drive by wire rather than mechanical connections)
3 0
3 years ago
Cassandra is a 21-year-old who is still in college. She wants a credit card so she can order items online.
ycow [4]
The most logical answer to me would be A, however I recommend you don’t go with my answer JUST YET because this is an educational guess. Take time to think about my answer. Sorry if it’s wrong
4 0
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Carla Vista Co. had the following assets on January 1, 2017. Item Cost Purchase Date Useful Life (in years) Salvage Value Machin
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2 years ago
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