Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during 2020, oriole inc. had sales revenue $137400

During 2020, Oriole Inc. had sales revenue $1374000, gross profit $730500, operating expenses $457000, cash...

70.2K

Verified Solution

Question

Accounting

During 2020, Oriole Inc. had sales revenue $1374000, gross profit $730500, operating expenses $457000, cash dividends $93300, otherlexpenses and losses $45000. Its corporate tax rate is 30%. What was Oriole's income tax expense for the year?$63300 $457000$189900$68550

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