The person who issues the insurance policy and serves as guarantor is known as the owner

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.

Companies with superior information enjoy a competitive advantage

Indicate whether the statement is true or false