Provide correct answer this question general accounting questions If a company has a discontinued operation gain of$30,000 and a 32% tax rate.What is the effect on net income?a. Increase of $20,400b. Increase of $30,000c. Increase of $9,600d. No effect

Detailed explanation:Given : Discontinued operation gain, $ 30,000Income tax rate, 32% Question :…

Answered: If a company has a discontinued…

Principles of Accounting Volume 2

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Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 9MC: A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the companys...

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If a company has a discontinued operations gain of $40,000 and a 20% tax rate, what is the effect on net income? O Increase of $32,000. O Increase of $21,000. Increase of $9,600. No effect. C A D W P D s
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If a company has a discontinued operation gain of $30,000 and a 32% tax rate. What is the effect on net income? a. Increase of $20,400 b. Increase of $30,000 c. Increase of $9,600 d. No effect