The Star Wars Industries has the following account balances: On the corporate income statement what will be the amount reported as "profit" given an income tax rate of 20%?
A) $ 40,400
B) $ 36,900
C) $ 50,500
D) $ 60,000

Question

The Star Wars Industries has the following account balances:  On the corporate income statement what will be the amount reported as "profit" given an income tax rate of 20%?
A) $ 40,400 
B) $ 36,900 
C) $ 50,500 
D) $ 60,000

Quizplus · Accepted Answer

The Answer of The Star Wars Industries has the following account balances:  On the corporate income statement what will be the amount reported as "profit" given an income tax rate of 20%?
A) $ 40,400 
B) $ 36,900 
C) $ 50,500 
D) $ 60,000

The Star Wars Industries Has the Following Account Balances