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Nikolay [14]
4 years ago
6

Provincial Inc. reported the following before-tax income statement items:

Business
1 answer:
mezya [45]4 years ago
4 0

Answer:

The income tax expense is $122,750

Explanation:

The computation of the amount of income tax expense is shown below:

As we know that

Income before tax = Operating income - non operating losses

= $580,000 - $89,000

= $491,000

Now the income tax expense is

= Income before tax × income tax rate

= $491,000 × 25%

= $122,750

Hence, the income tax expense is $122,750

This is the answer but the same is not provided in the given options

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A $2,000 cash dividend is planned in 2019. No dividend was paid in 2018. 1,000 shares of 5% cumulative $10 par value preferred s
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3 years ago
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Answer:

a. Demand will increase.

b. Demand will increase.

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e. Demand will increase.

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Which description accurately explains verbal communication?
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