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In fiscal 2013, Microsoft Corp. reported a statutory tax rate of 35.00% and an effective tax rate of approximately 19.18 %. The tax rate on operating profit was 19.39%. The 2013 income statement reported income tax expense of $5,189 million. What did Microsoft report as income before income tax expense that year?
A) $14,826 million
B) $28,071 million
C) $27,054 million
D) $ 7,571 million
E) None of the above
At the purchase date, the excess of Wallace's cost over its proportionate share of Goldman's book value was assigned to goodwill. On December 31, 2010, what is the Investment in Goldman Company balance (equity method) in Wallace's financial record..
Prepare the necessary December 31 adjusting journal entry to record depreciation for the current year assuming the company uses:
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collections of cash from the sale of land would be reported in the following section of the statement of cash flowsa.
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Will all businesses have the same type of accounts? Explain your answer.
Within a hierarchical database, what is the name for the built-in linkages in data tables? Which data relationships can be contained in a hierarchical database?
based on the following information what would be the ending balance in the retained earnings account assuming all
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