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ineedhelp2285
14.05.2021 •
Business
If plant assets of a manufacturing company are sold at a gain of $1,000,000 less related taxes of $350,000, and the gain is not considered unusual or infrequent, the income statement for the period would disclose these effects as
A. operating income net of applicable taxes, $750,000.
B. an extraordinary item net of applicable taxes, $750,000.
C. a prior period adjustment net of applicable taxes, $1,000,000.
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
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Ответ:
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Explanation:
Given that
The gain is $1,000,000
And, the taxes is $350,000
So here the income statement that disclose the impact is that
There is a gain of $1,000,000 and also at the same time the income tax expense is rise by $350,000
Therefore the option d is correct
hence, the same would be considered
Ответ:
Gamblers who play a game with cash if they lose they risk their time and cash if they win they can be rich and have enough cash for a business