Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. crane had a 20percent tax rate. given the followin

Crane had a 20percent tax rate. Given the following pretax amounts, what would be the...

60.1K

Verified Solution

Question

Accounting

Crane had a 20percent tax rate. Given the following pretax amounts, what would be the income tax expense reported on the face of the income statement? Sales revenue $1026000,
Cost of goods sold 615600,
Salaries and wages expense 83600,
Depreciation expense 108300,
Dividend revenue 91500,
Utilities expense 13000,
Discontinued operations loss 101000,
Interest expense 18700 a.36600 b.55660 c.36960 d.17900

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Explain in detail the difference between a composite volcano and a shield volcano (type of...

Geometry
1.2K views

onder Practicing Perimeter What do you notice What do you wonder C woro nisic103

Biology
1.2K views

Where do the casparian bands occur (a) epidermis (b) endodermis (c) pericycle (d) phloem.

Advance Math
1.2K views

Scenario 7.2 - Gulab Greatness Historical demand for gulab jamun from a sweet stall on Commercial Road...

Calculus
1.2K views

Solve the inequalities below Write the solution set in interval notation and graph the solution...

Accounting
1.2K views

Delaware Corp. prepared a master budget that included $12,090 for direct materials, $28,300 for direct...

Accounting
1.2K views

In October, Sunland Company reports 18,200 actual direct labor hours, and it incurs $217,000 of...

Accounting
1.2K views

Given the fol lowing data, calculate the cost of goods sold for the 04'15 sale...

Accounting
1.2K views

The ACFR is required to include basic financial statements. Which item below is not included...

Accounting
1.2K views

Why is judgement important in the financial reporting process; What is the role of accountants...

Accounting
1.2K views

Splish Brothers Inc. acquires a delivery truck at a cost of $60,000 on January 1,2022...

Finance
1.2K views

Question 6 Robson plc is a listed company which has generated long run annual returns...