Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. seema inc. follows aspe and had income from operat

SeeMa Inc. follows ASPE and had income from operations of $80,000. The net income after...

60.1K

Verified Solution

Question

Accounting

SeeMa Inc. follows ASPE and had income from operations of $80,000. The net income after taxes amounted to $35,000 and the income tax expense was $15,000. How much are the total expenses for the year?

Select one:

a. $35,000

b. $30,000

c. $45,000

d. $20,000

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

Statistics
1.2K views

Suppose the time between buses at a particular stop is a positively skewed random variable with...

Chemistry
1.2K views

Write net ionic equations for the reactions that take place when aqueous solutions of the following...

Physics
1.2K views

A circular disc of radius R is removed from a bigger circular disc of radius...

Basic Math
1.2K views

Find an approximation for the area under the curve of f(t) = -2 + 4t...

Statistics
1.2K views

An IQ test is designed so that the mean is 100 and the standard deviation...

Algebra
1.2K views

Today the population of the town of Wallingford Pennsylvania is 11 300 people In 1980...

Accounting
1.2K views

3) Ryan and Nat each have income of over $200,000. During the year, they paid...

Accounting
1.2K views

Rapp Company is considering switching to an Activity-based costing system (ABC). The company produces and...

Accounting
1.2K views

ordering O quantity dollars_per_day 8 8 8 . 8 Orientation O distance Which of the...

Accounting
1.2K views

8. A Volterra integral equation has: - A) Variable upper limit ...

Finance
1.2K views

Suppose a stock will pay $10 per share dividend in one year's time. The dividend...

Finance
1.2K views

a) Mahmoud has the following financial data for the year 2020: Part-time job: RM1, 200...