Answer:
$88,235
Explanation:
The computation of the pre tax income is shown below:
We know that
Income after tax = Income before tax (1 - tax rate)
$60,000 = Income before tax × (1 - 0.32)
$60,000 = Income before tax × 0.68
So, the income before tax would be
= $60,000 ÷ 0.68
= $88,235
If we consider the tax rate than we can easily compute the income after tax
Answer:
1 -- A, 2 -- B, 3 -- C, 4 -- E, 5 -- D
Explanation:
Securities held to maturity --
It requires the positive intent as well as ability.
Unrealized holding gains and losses --
Reported for the income statement of trading securities.
Impairment of securities available for sale --
Requires a recognition in income statement when judged to be other than the temporary.
Losses of investee --
Recognized only to extent of the carrying value under an equity method.
Amortization of a patent that was obtained in a business acquisition --
Reduces the investment account under an equity method if the fair value is higher than the book value.
Answer:
Hourly
Explanation:
Hourly because it says she's paid by the hour.
Transferring risk
Explanation:
<u>To transfer risk is in a way to test grounds of a volatile business by using a smaller company as bait and seeing how the market reacts to it before committing completely</u> for the catch once the company decides what to do there.
Transference of risk is possible for big firms and allows them to get a real view of the scenarios they can expect to see when they set up operations in a place.
