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zaharov [31]
3 years ago
8

Provincial Inc. reported the following before-tax income statement items: Operating income $ 520,000 Loss on discontinued operat

ions 92,000 Provincial has a 34% income tax rate. Provincial would report the following amount of income tax expense as a separately stated line item in the income statement:
Business
2 answers:
dusya [7]3 years ago
7 0

Answer:

$176800

Explanation:

Operating income = $520000

loss on discontinued operations = 92000

income tax rate = 34%

provincial would report an amount of income tax expense

= operating income * income tax rate

= $520000 * 0.34

= $176800

hence Provincial would report $176800 as income tax expense on a separately stated line item in the income statement

geniusboy [140]3 years ago
4 0

Answer:

$176,800

Explanation:

Operating income ×income tax rate

$520,000 × 34% = $176,800

Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.

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Which of the following statements is false? Multiple Choice The short run refers to a period of less than one year. In the long
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Answer:

The short run refers to a period of less than one year.

Explanation:

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3 years ago
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6 0
2 years ago
Marketing segmentation is the combining of several groups to create a larger target market for a company’s goods and services.
Allushta [10]

Answer:

false

Explanation:

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3 years ago
Suppose sellers of perfume are required to send $1.00 to the government for every bottle of perfume they sell. Further, suppose
amm1812

Answer:

a. The effective price received by sellers is $0.40 per bottle less than it was before the tax.

Explanation:

When government imposes tax on a product, a seller's margin on such a product falls which the seller tries to recover from the buyer by raising the price of the product.

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