Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
Dole company, with an applicable income tax rate of 30%, reported net income of $350,000. included in income for the period was an extraordinary loss from flood damage of $80,000 before deducting the
Dole company, with an applicable income tax rate of 30%, reported net income of $350,000. included in income for the period was an extraordinary loss from flood damage of $80,000 before deducting the related tax effect. the company's income before income taxes and extraordinary items was( provide step by step explanations so that I can be able to understand the formulas used we.)
Multiple choices
A. 450,000
B. 580,000
C. 400,000
D. 430,000
- @
- 2 orders completed
- ANSWER
-
Tutor has posted answer for $48.00. See answer's preview
****** ****** tax *** extraordinary **** = ****** ***** *** * ****** *** * extraordinary item * ****** +(350/07)*30% +80000; ****** ************* *******