The following pretax amounts pertain to the Brooke Corp. for the year ended December 31, 2011.

The effective corporate tax rate is 30 percent. The company had 10,000 shares of common stock outstanding for the entire year.

Question

The following pretax amounts pertain to the Brooke Corp. for the year ended December 31, 2011.
  
The effective corporate tax rate is 30 percent. The company had 10,000 shares of common stock outstanding for the entire year.

Quizplus · Accepted Answer

The Answer of The following pretax amounts pertain to the Brooke Corp. for the year ended December 31, 2011.
  
The effective corporate tax rate is 30 percent. The company had 10,000 shares of common stock outstanding for the entire year.

The Following Pretax Amounts Pertain to the Brooke Corp