. 1--The effective interest rate method computes interest expense by multiplying the stated interest rate by the beginning balance of the debt. true or false

Blue Company's income before taxes is $ 360, 000 and its tax rate is 50%. Blue included $ 40, 000 of fines and penalties in the $ 360, 000. There are no other book-tax differences. What is the effective tax rate for Blue Company? (Do not round intermediate calculations. Only round your final answer to the nearest percent.) calculate

3.Terrell Foods reported $ 720,000 in net income and its weighted average shares outstanding for the year is 100, 000 shares. In prior years it sold $ 1, 000, 000 of 8% long-term convertible bonds at par which are still outstanding. The bonds are convertible into 30, 000 shares of common stock. The tax rate for all years is 40%. If Terrell has no other potentially dilutive securities and no preferred stock, and no conversions occur during the year, what are basic and diluted EPS? (Round your final answers to the nearest cent.) calculate

4.

Uncertain tax positions may result in a ________.