Dole Company, with an applicable income tax rate of 30%, reported net income of $210,000. Included in income for the period was an extraordinary loss from flood damage of $30,000 before deducting the related tax effect. The company's income before income taxes and extraordinary items was

a. $240,000.
b. $300,000.
c. $330,000.
d. $231,000.

Ans: c. $330,000.

Business

You might also like to view...

The risk associated with the purchase of common stock is a pure risk.

a. true b. false

View
Business

Exclusive listing contracts in Georgia are required to have:

A. Earnest money. B. A definite expiration date. C. A safety clause. D. An advertising provision.

View
Business