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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
on may 1 2011 ryde inc. had common stock of 345000 additional paid-in capital of 1298000 and retained earnings of
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Prepare journal entries needed to convert the governmental funds financial statements to the governmental activities columns of the government wide financial statements.
we have discussed resource allocation and resource leveling and the purpose and benefits of each. we have all been
If Forda depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2014.(Round answer to 0 decimal places, e.g. 1525.) If Forda plants five seedlings at a cost of $4 per seedling for each tree cut, how should..
e-tech initiatives limited plans to issue 500000 10-year 4 percent bonds. interest is payable annually on december 31.
What are the different types of dividends corporations may issue? When should a corporation pay dividends? Do you prefer a stock dividend or a cash dividend? Why?
Copy Express Inc. began the 2013 accounting period with $9,000 cash, $5,000 of common stock, and $4,000 of retained earnings. Copy Express was affected by the following accounting events during 2013:
Which of the following is true concerning bond covenants? When considering defined benefit pension plans, which of the following will not increase the projected benefit obligation (PBO)?
the cost accountant for blue pharmaceuticals has informed you that the companys materials quantity variance for the
badger recorded 500000 of net sales for the year which 2 is estimated to be uncollectable. identify and analyze the
in 2013 x companys revenue was 206100 its total variable costs were 121050 and its fixed costs were 91300. assume that
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