Either a or c it’s one of those
Answer:
Explanation:
Comparative income statements for Williamson is presented below:
Particulars 2017 2016 2015
Income before income tax $180,000 $145,000 $170,000
Less:Income tax $54,000 $43,500 $51,000
Net income $126,000 $101,500 $119,000
The income tax is computed below:
For 2017
= $180,000 × 30%
= $54,000
For 2016
= $145,000 × 30%
= $43,500
For 2015
= $170,000 × 30%
= $51,000
Answer:
$19
Explanation:
The computation of the financial advantage or disadvantage is shown below:
= Sale value after processed further - cost of processed further - sale value without processed further
= $91 - $29 - $43
= $19
Simply we deducted the cost of processed further and the sale value without processed further from the Sale value after processed further so that the correct amount can come
All other information which is given is not relevant. Hence, ignored it
Answer: $20,000
Explanation:
Net Income is the amount from revenue that the company made over expenses. It is therefore;
= Revenue - Expenses
= 110,000 - 90,000
= $20,000
<em>Note: Dividends are not considered in the calculation of Net Income as they are not expenses. </em>
