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...

80.2K

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

Statistics
1.2K views

The profit function for two products is:     Profit = −3x 12 + 42x 1 − 3x 22 +...

Accounting
1.2K views

Problem 13-28 Net Present Value Analysis [LO13-2] Bilboa Freightlines, S.A., of Panama, has a small truck...

Basic Math
1.2K views

Write the following in interval notation 20 21 22 23 24 25 26 27

Statistics
1.2K views

Many people believe that they experience information overload in today s digital world A report...

Calculus
1.2K views

A zoo supplier is building a glass-walled terrarium whose interior volume is to be 16...

Algebra
1.2K views

For the following matrix A 1 1 1 1 1 1 1 1 1 a...

Accounting
1.2K views

Wrilisams Corporation accountants have ascomblod the following data for the yoar ended June 30 ,...

Accounting
1.2K views

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...

Accounting
1.2K views

Smith Auto uses a sales journal, purchases journal, cash receipts Journal, cash payments Journal, and...

Finance
1.2K views

Which of the following statements is NOT CORRECT? O Inflation, recession, and high interest rates...

Finance
1.2K views

Do the relevant calculations so you can indicate which you profor a bank acoount that...

Accounting
1.2K views

Assessment 2 [25 marks] Question 1 Solve the following simultaneous equations and graph them. 1.5x+0.8y=1.20.7x+1.2y=4.4[8marks]