Answer:
Income tax expense of $14 million should report in the income statement
Explanation:
Southeast Airline should report the income on the basis of their earning in the year.
Earning Before Tax = $30 Million
Tax on Earning Before Tax = $30 Million x 40% = $12 million
Gain on disposal = $5 million
Tax on Gain on disposal = $5 million x 40% = 2 million
Total Income tax = $12 million + $2 million = $14 million
Another way
Total Income tax = ( $30 million + $5 million ) x 40% = $14 million
What happens when the supply of a nonperishable good is greater than the consumer wants to buy?
Excess supply>remains unsold, eventually price drops
Answer:
The first action should be to look for the annual reports of the competing companies to analyze them and see what are the competitive advantages of the company in which I am starting to work.
Once the information was found, it would make a comparative chart to contrast the results of one company with another.
Finally, I would prepare the dynamic report to the directors in the company where I work indicating the results of the analysis carried out considering that all the information has been public.