The Cansela Baseball Bat Company reported income before taxes of $375,000. This amount included a $75,000 loss on discontinued operations. The amount reported as income from continuing operations, assuming a tax rate of 40%, is: a. $375,000 b. $270,000 c. $180,000 d. $225,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Cansela Baseball Bat Company reported income before taxes of $375,000. This amount included a $75,000 loss on discontinued operations. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The maturity value of a $40,000, 9%, 40-day note receivable dated July 3 is A. $40,000B. $40,400C. $43,600D. $44,000
Answers (1)
Suppose that XTel currently is selling at $40 per share. You buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%. a.
Answers (1)
A government was awarded a grant from another government. The $8,000,000 grant is restricted to use for construction of a facility for one of the grantee government's enterprise activities. The grant is for half the cost of the facility.
Answers (1)
What is the total revenue from selling 5 units?
Answers (1)
A firm can develop its competitive advantage through its resources. Resources include: a. both the physical elements of production, such as machines and workforce, and the knowledge and expertise of how to make and sell a product or service. b.
Answers (1)
New Questions in Business
Shelly is looking at the life insurance policies listed in the table below. Which insurance company provides the most coverage per dollar of premium?
Answers (1)
For a manufacturing firm, cost of goods available for sale is computed by adding the beginning finished goods inventory to
Answers (1)
Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received stock with a value of $4,000 for her services. By the end of the year, the value of the stock had decreased to $2,000.
Answers (1)
Compute the average days in inventory ratio using the following information: Net sales is $200,000 for the year, cost of goods sold are $80,000, last year's total assets were $900,000, and this year's total assets are $1,100,000.
Answers (1)
You are the project manager of the BHY Project. Your project customer has demanded that the project becompleted by December 1. December 1 is an example of which one of the following? A. ConstraintB. AssumptionC. Project boundaryD.
Answers (1)