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

19th Edition

ISBN:9781947172609

Author:OpenStax

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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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Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
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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A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Sales $ 1,200 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (20%) ? Net income $ ?
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A company has the following data for a year: Revenue 250 MM Deprecation 20 MM Other Operating Costs 240 MM Financing Costs 0 Profits Tax 25% Dividends Distributed 25MM Q Before-Tax Profits/Loss, Tax, Change in Book Value equals, Net Change in Cash (on Balance Sheet),
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A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Will need to find EBIT first. Sales $ 1,050 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (24%) ? Net income $ ?
What is the net income of this general accounting question?
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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