Given explanation general Accounting A company has a discontinued operation gain of $45,000 and atax rate of 28%.What is the effect on net income?a. Increase of $32,400b. Increase of $45,000c. Increase of $12,600d. No effect

Step 1: Define Discontinued Operation Gain and Its Impact on Net IncomeA discontinued operation gain…

Answered: A company has a discontinued operation…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 3DQ

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A company has a discontinued operation gain of $45,000 and a tax rate of 28%. What is the effect on net income? a. Increase of $32,400 b. Increase of $45,000 c. Increase of $12,600 d. No effect