Amount of income tax expense as a separate item

Assignment Help Accounting Basics
Reference no: EM13157407

Provincial Inc. reported the following before-tax income statement items: Provincial has a 30% income tax rate. Provincial would report the following amount of income tax expense as a separate item in the income statement:

A. $198,000.

B. $180,000.

C. $168,000.

D. $150,000.

Reference no: EM13157407

Questions Cloud

Calculate the amount, in mol, of hcl added. : A student added 27.20 cm^3 of 0.200 mol dm^-3 HCL to 0.188 g of eggshell. Calculate the amount, in mol, of HCL added. what is it?
Is changing the organization''s domain : Is changing the organization's domain a feasible strategy for coping with a threatening environment? Can you think of an organization in the recent news that has changed its domain? Explain.
Gluconeogenesis prevented from extensive futile cycling : How are the opposing pathways of glycolysis and gluconeogenesis prevented from extensive futile cycling? a) The catabolic and anabolic pathways do not take place in the same part of the cell
Probability three tomatoes in selected tomatoes will ripe : What is the probability that exactly 3 tomatoes in a randomly selected tray of 20 tomatoes will be too ripe. In each tray of 20 tomatoes, how many would be expected to be too ripe?
Amount of income tax expense as a separate item : Provincial Inc. reported the following before-tax income statement items: Provincial has a 30% income tax rate. Provincial would report the following amount of income tax expense as a separate item in the income statement:
What is the effect of longer uv exposure : what is the effect of longer UV exposure on Serratia Marcescens?to answer thsi question which plates should be compared?
What would happen to the quantity demanded of aluminum : If the cross-price elasticity of aluminum with respect to steel is 2.0: What would happen to the quantity demanded of aluminum if the price of steel increases?
How many moles of he are in such a cylinder : a large cylinder of He gas,such as that used to inflate balloons,has a volume of 25.0 L at 22c and 5.6 atm. How many moles of He are in such a cylinder
You have been asked to value a commercial property : You have been asked to value a commercial property, as at today, by way of the capitalisation of income approach. the property currently has a net contract income of $165000 per annum plus GST and operating expenses, paid monthly in advance, and ther..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd