Answer:
a. $295 million
Explanation:
Effective tax rate = GAAP tax / GAAP Pretax profift = 77 / 383 = 0.2010, or 20.10%.
Therefore, 2019 non-GAAP net income can be estimated as follows:
<u>Details $ in millions</u>
GAAP Pretax Profit 383
Stock-based compensation expense (12)
Restructuring expenses (7)
Gain on sale <u> 5 </u>
Non GAAP Pretax Profit 369
Taxes (20.10% * 369) <u> (74) </u>
Non-GAAP net income <u> 295 </u>
Answer:
something one cannot live without
Answer: $116.026
Explanation:
Given the following ;
Yearly hazard insurance = $350
Keisha is the buyer and the closing date of transaction is September 1 of the year.
January 1 till September 1 = 244days
Now Keisha will have to credit John from September 2 till December 31st of that year
Therefore,
September 2 till December 31 = 365 - 244 = 121 days
Daily hazard insurance = $350 ÷ 365 = $0.9589
Keisha's share = $0.9589 × 121 = $116.026
It is <u>False</u> that if a corporation has S corporation status, it must pay income taxes at the corporate level.
<h3>What is an S corporation?</h3>
An S corporation is a corporation whose profits or losses are not assessed for corporate taxes.
Instead, the profits and losses of an S corporation are passed through to the business and reported on the owners' personal tax returns.
Thus, it is <u>False</u> that if a corporation has S corporation status, it must pay income taxes at the corporate level.
Learn more about S corporation income tax status at brainly.com/question/14778467
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