Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. quince corporation has provided the following info

Quince Corporation has provided the following information: Operating revenues from customers were $299,550. Operating...

70.2K

Verified Solution

Question

Accounting

Quince Corporation has provided the following information:

  • Operating revenues from customers were $299,550.
  • Operating expenses for the store were $166,500.
  • Interest expense was $13,800.
  • Gain from sale of plant and equipment was $4,950.
  • Dividend payments to Quince's stockholders were $11,550.
  • Income tax expense was $54,000.
  • Prepaid rent was $7,500.

What is the amount of Quince's income before income taxes?

Multiple Choice

$105,150

$112,650

$124,200

$138,000

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

Geometry
1.2K views

Topic Geometric proofs Complete each proof 29 Given NONP OQ PQ NO PQ NO DPQ...

Basic Math
1.2K views

In a test of weight loss? programs, 160 subjects were divided such that 32 subjects followed...

Basic Math
1.2K views

Boyle's Law states that when a sample of gas is compressed at a constant temperature, the...

Basic Math
1.2K views

. Which   of   the   following   is   NOT   CORRECT   about   a   randomized   complete   block   experiment?   (a)   Every   block   is   randomized   separately   from   every   other  ...

Psychology
1.2K views

drinking and driving and social norms

General Management
1.2K views

(2) Look up the quote "Culture eats strategy for breakfast." and explain what it means in...

Biology
1.2K views

When you carry an object in your hand, activity in which receptors tells you that...

Biology
1.2K views

transport The action of the sodium potassium pump is an example of passive transport True...

Physics
1.2K views

Suppose that a 23.1-kilogram mass is mounted on the end of a horizontal ideal massless...

Statistics
1.2K views

An aging of a company s accounts receivable indicates that 10100 are estimated to be...

Accounting
1.2K views

please help!! Supporting Calculation Required: On January 1, 2023, the...

Finance
1.2K views

Clorox is thinking about introudcing a new brand of cleaning products. Marketing and developing the...