1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
almond37 [142]
2 years ago
8

If plant assets of a manufacturing company are sold at a gain of $1,000,000 less related taxes of $350,000, and the gain is not

considered unusual or infrequent, the income statement for the period would disclose these effects as
A. operating income net of applicable taxes, $750,000.
B. an extraordinary item net of applicable taxes, $750,000.
C. a prior period adjustment net of applicable taxes, $1,000,000.
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Business
1 answer:
alekssr [168]2 years ago
5 0

Answer:

D. a gain of $1,000,000 and an increase in income tax expense of $350,000.

Explanation:

Given that

The gain is $1,000,000

And, the taxes is $350,000

So here the income statement that disclose the impact is that

There is a gain of $1,000,000 and also at the same time the income tax expense is rise by $350,000

Therefore the option d is correct

hence, the same would be considered

You might be interested in
ASICS What is the shoe equivalent size for US?
kozerog [31]
Here is a sizing chart from the Kohl’s website and they sell ASICS

3 0
3 years ago
Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on accou
Ksenya-84 [330]

Answer:

$(4,000)

Explanation:

Calculation to determine At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash

Inventory purchased on account $5000

Less Returned of inventory purchased $1,000

Net Operating Cash Flow $(4,000)

($5,000-$1,000)

Therefore At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash is $(4,000)

6 0
2 years ago
It is recommended that you create a budget for each (a)month (b)day (c)week (d)year
____ [38]
Depending on when you get paid.
If you get paid every week then weekly. 
Most of the time I would say to make a budget weekly just because it is easier to keep track of. 
so (C) 
8 0
2 years ago
Read 2 more answers
All of the following actions are consistent with feelings of regret except:________.
hram777 [196]

Answer:

Option A, selling losers quickly, is the right answer.

Explanation:

According to some researchers and their investigation consistency factors has the potential to influence feelings of regret. Regret may emerge as a function of consistency and discrepancy between an individual's orientation and effort of an evaluative decision. Whenever the decision-maker approves an orientation of serving errors associated with the actions are generally more consistent and thus led to comparatively less feeling of regret.

4 0
3 years ago
A speaker who begins with, "It's a pleasure to return to State University. As you know, I'm a graduate of State. Though it was s
Andre45 [30]

Answer:

C. Personal Reference introduction

Explanation:

This introduction type talks about a subject (State University) by relating the speaker or his experience to the subject.

(A) Quotation is something that is being said by someone. So whether or not this speaker related himself to the university, what he said would still have been taken as a quote or would be put in quotation marks when written down.

(B) A Rhetorical Question is one which is asked without the intent of getting an answer. First of all, there is no question in this speaker's speech.

(D) "Story" would have been the answer if there was no option (C) but the fact that option C exists and more perfectly describes his speech, makes (D) refutable.

5 0
3 years ago
Other questions:
  • Michael's, Inc. just paid $2.75 to its shareholders as the annual dividend. Simultaneously, the company announced that future di
    15·1 answer
  • Identify the market segmentation dispute in the 1970s.
    7·1 answer
  • Set during the marketing research process, __________ are the specific, measurable goals the decision maker seeks to achieve in
    5·1 answer
  • Under the terms of the Treaty of Guadalupe Hidalgo, the United States Select one: a. officially acquired only Texas. b. gave up
    12·1 answer
  • In a particular​ department, 8,200 units were started and all but 800 were completed at the end of the period. These 800 were​ 7
    6·1 answer
  • On November 1, 2021, Horton Company purchased Lopez, Inc., 10-year, 9%, bonds with a face value of $800,000, for $720,000. An ad
    6·1 answer
  • Suppose the economy is experiencing an output gap of –3%. a. Select each response that indicates how monetary policy or fiscal p
    8·1 answer
  • ¿Qué documentos en el Archivo son productos de una actividad Administrativa, comercial y política de una sociedad?
    15·1 answer
  • Stanley is 21 years of age, single, living at home with Mom, Dad, and his younger sister, but he is not claimed by his parents.
    9·1 answer
  • Did you win or lose?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!