Question: Please select the correct answer for problem #11, SHOWING RHE ANSWER CORRECTLY. Thank you! If a company has a discontinued operation gain of $ 55000

Please select the correct answer for problem #11, SHOWING RHE ANSWER CORRECTLY. Thank you!

If a company has a discontinued operation gain of $ 55000 and a 33% tax rate, what is the effect on net income? Increase of $ 55000. O Increase of $36850. O No effect. O Increase of $ 18150

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Please select the correct answer. 35 MC questions. Need this done in 2 hours. Thank you. Question 1 Not yet answered Points out of 3.00 Not flaggedFlag question Question text The combined declaration...

explain in details please thank you 26. To reach an economically efficient output level, the size of an excise tax imposed on a firm generating negative externality should be the firm's marginal cost...

can you help me to finished the assignment 2? Southern Cross University Business School ACC00152 Business Finance Unit Information Guide Session 1 2011 Contents Contacts and MySCU...

I have attached the following problem in editable word format. Please highlight the correct answer. Also, please let me know if anything else is required. Thanks in advance. 1) An aging of a...

dear tutor, i need you help to write the audit planning memo for this company (le chateau inc) ANNUAL REPORT 20 15 CORPORATE PROFILE Le Chteau is a leading Canadian specialty retailer offering...

Read ALL instructions before getting started! ABC Corporation is a new company that buys and sells office supplies. Business began on January 1, 2016. Given on the first two tabs are ABC's 12/31/16...

multiple questions - Libby Chapters 8, 9, 10, 11 Question 1 2pts A company acquires land by issuing 11,900 shares of its $15 par value common stock currently trading at $30 per share and the...

Salaam sir, You have helped me previously with a tax return problem, and now I have another problem set that builds upon the previous problem. I am wondering if you can take a look at the attached...

1. (Points: 1) With respect to a corporation, select the statement that is correct. a. Its organization requires an approved charter which is governed by state law. b. Ownership rights to the...

I need help with this tax return problem. PLEASE, the correct tax return forms MUST be used, which can be found on irs.gov. I would need thorough work on this assignment. Thank you for the help!...

Baekyun borrowed money from a cooperative bank at 1.75% interest for 5 years to add to his fund for new business. It was charged Php 5,250.00 for interest. How much will he need to pay after 5 years?...

Zoom Udyog, a car manufacturing Co., has started its business with Zoom 800 and slowly launched Zoom-1000, Wagon-Z, Swy-fy etc. and offered various services like after sale service, availability of...

A leadership position in the group is rhe resulr of what ?

Read the case study in Chapter 5 of your textbook ( on p . 1 4 0 ) and answer the included questions. Also, analyze and answer the following question in addition to the questions in the text: How...

What is the purpose of the EEOC?

What might occur if Mr. Jameson tells Ms. Diazs supervisor that she is an unreliable employee?

Describe how HRD can be linked to the goals and strategies of an organization