Question: which two items increase net income (select two) 1. interest income 2. income tax expense 3. gain on sale of assets 4. cost of sales

which two items increase net income (select two)

1. interest income

2. income tax expense

3. gain on sale of assets

4. cost of sales

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!

Q:

There is a separate haircut calculated for each foreign (i.e., non-USD) currency. The first thing we need to do to calculate the haircut on a given currency is to figure out the firm's total exposure...

Q:

Please help need. Need help answering questions on these two assignements Instructions: Using the company information provided below, complete the short-term cash flow forecast in following tab in...

Q:

MAKE OR BREAK IT IN THE PLASTICS INDUSTRY History: The company began operations in Windsor Ontario in 2000 as a try out facility and then in 2002 began producing parts and became a full injection...

Q:

Hi there! Looking to use my available tutor credits to get the answers to this doc. Thanks!! Instructions: Complete the financial ratio analysis in the next tab of this workbook using the information...

Q:

Hi there! Looking to use my available tutor credits to get the answers to this doc. Thanks!! Instructions: Complete the financial ratio analysis in the next tab of this workbook using the information...

Q:

MAKE OR BREAK IT IN THE PLASTICS INDUSTRY History: The company began operations in Windsor Ontario in 2000 as a try out facility and then in 2002 began producing parts and became a full injection...

Q:

ine following income statement items appeared on the adjustea triai Dalance of Schembri manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $17,100; cost...

Q:

Create common size income balance sheets and common size income statements for Walgreen Boots Alliance and CVS Health. Give one reason for the difference in cost of goods sold percentage between the...

Q:

MAKE OR BREAK IT IN THE PLASTICS INDUSTRY History: The company began operations in Windsor Ontario in 2000 as a try out facility and then in 2002 began producing parts and became a full injection...

Q:

please answer full question...im stuck ...its very urgent Base your answers to the following questions on the financial statements for Leon's Furniture Limited/Meubles Lon Lte in Exhibits 1.27A to...

Q:

Because Valuation Allowances are primarily a judgement call this assignment will focus simply on making that decision. We want you to practice flexing some professional judgement. There are a range...

Q:

A rigid L-shaped massless bracket is supported by a pin joint at A and a roller joint at B, as shown below. A force, F = 200 N is applied at a distance "a" from the left end. If a = 3.0 meters, b =...

Q:

The following statistics relate to Michgate, an electric utility: Required a. Calculate the following for 2009, 2008, and 2007: 1. Operating ratio 2. Funded debt to operating property 3. Percent...

Q:

Find the Jacobian of the transformation. x = u 2 u v , y = 7 u v 2

Q:

Lower Reaches Ltd are opening coffee shops within supermarkets. There is some uncertainty as to how much fresh food customers will want, the expectation is that demand will be either 7,500, 8,000 or...

Q:

Consider the system of Figure P6-1, with D(z) = 1. Use the results of Problem 6-1 if available. %3D (a) Find the system time constant i for T = 2 s. (b) With the input a step function, find the time...

Q:

Kent School District has bonds outstanding with coupon rate of 4 percent paid quarterly and 25 years to maturity. The yield to maturity on these bonds is 4 percent and the bonds have a par value of...

Q:

Which elements are responsible for triggering Balance of Payment crisis in Pakistan? What policies need to be implemented by the Government of Pakistan in order to grow its exports.

Q:

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Q:

The relationship between the revenue being forecast and the predictors of the revenue must be very strong. Moreover the shape of the relationship should be established. For example, in a study of the...

Q:

Attacks on your forecast could come from many political stakeholders for many reasons. One popular attack strategy is to challenge the validity of the results by pointing out the shortcomings and...

Q:

Describe why a corporate code of ethics is important and list some of the matters that may be covered in a typical code.