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
What would be a good business to start with a friend?<br> (Explanation not needed.)
uranmaximum [27]

Answer:

A house lot. (Landlords)

Explanation:

You can hold houses for people to live in while they pay a monthly fee.

8 0
2 years ago
Mrs. Patterson is a new enrollee in the HealthBest Medicare Advantage (MA-PD) plan. She is new to this type of coverage and asks
Serggg [28]

Answer:

She should expect either the pharmacy directory in hard copy or a distinct and separate notice (in hard copy) describing where she can find the pharmacy directory online and how to request a hard copy.

Explanation:

Additionally, I will also mention that The main difference between medicare advantage plan and Normal medicare is that normal medicare will include wide coverage provided by the government, but the quality of services provided for the medicare advantage plan will be better on average.

The pharmacy directory mentioned above can be used by Mrs. Patterson to choose the type of Specific health services that she wants, the type of specialists that she prefers and the location of treatment that is the most convenient to her. (this type of benefits wouldn't be found in normal plan)

5 0
2 years ago
Which margin setting would you select to maximize the amount of space available for text on a page?.
Softa [21]

Narrow margin setting would you select to maximize the amount of space available for text on a page.

<h3>What allows you to align text so that it is fully flush with both margins?</h3>
  • Also known as completely justified or full justification, text is aligned at the left margin and letter- and word-spacing is altered so the text lies flush with both margins.
  • If justified in broad columns, a page can acquire symmetry.
  • Every page of a document has a header, which is a space at the top of the page that can have one or more lines of text.
  • The header is frequently used to list information about the document (such as the title) on each page.
  • A section break essentially divides your document into multiple portions to allow for a page break, which simply pushes any material following that page break onto the next page.

To learn more about margin refer,

brainly.com/question/19470938

#SPJ4

5 0
1 year ago
A law firm received $2,000 cash for legal services to be rendered in the future. The full amount was credited to the liability a
Elodia [21]

Answer:  d. revenues to be understated.

If the services have been rendered but the revenue is not recorded it means that your accounts will show less revenue than you have actually earned as in accounting revenue is recognized as soon as the service is rendered, thus not recognizing the revenue when the service is rendered will understate the revenues.

Explanation:

5 0
2 years ago
Suppose that the demand for my new book, Spatulas From Around the World, is such that the demand curve lies everywhere below the
dsp73

Answer:

C. Shut down the presses printing my book

Explanation:

Since the average variable cost of producing the book is above the demand curve, the best course of action is to shut down the printing (production) of more books. The author would lose less money by shutting down operations rather than continuing production at a variable cost higher than the demand he's receiving for the books.

In economics, when profit is less than the average variable cost, firms are advised to stop production in the short run and incur economic loss on fixed inputs. This is because with continued operations, total revenue would not only be lower than total cost, but rather, would also be less than total variable cost.

8 0
3 years ago
Other questions:
  • Refer to Exhibit 23-9. Assume that demand increases from D1 to D2; in the new long run equilibrium, price settles at a level bet
    11·1 answer
  • When making a location decision at the country​ level, which of these would be​ considered?
    6·1 answer
  • "A broker-dealer who acted as financial advisor to a municipality in structuring a new issue now wishes to act as underwriter in
    8·1 answer
  • The management at torque autos inc. and redwing automobiles inc. realized that by combining the two entities the stakeholders of
    12·1 answer
  • Why is sustainable tourism important
    11·1 answer
  • Which of the following measures the relationship between cost of merchandise sold and the amount of inventory carried during the
    13·1 answer
  • The principal-agent problem, as applied to the labor market, would have the :
    11·1 answer
  • Company Z has sales of $3,000,000, net income of $600,000, total assets of $1,000,000 and 800,000 shares of common stock outstan
    7·1 answer
  • What is the market and sales strategy of vending machine
    15·1 answer
  • What were the most important factors that led to the midwest becoming known as the rust belt?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!