Firm ABC had operating profits of $100,000, taxes of $17,000, interest expense of $34,000, and preferred dividends of $5,000. What was the firm's net profit after taxes?
A) $66,000
B) $49,000
C) $44,000
D) $83,000
B
You might also like to view...
When bonds are retired prior to maturity with proceeds from a new bond issue, gain or loss from the early extinguishment of debt, if material, should be
a. amortized over the remaining original life of the retired bond issue. b. recognized in income from continuing operations in the period of extinguishment. c. recognized as an extraordinary item in the period of extinguishment. d. amortized over the life of the new bond issue.
Define power and influence and provide an example of each.
What will be an ideal response?
Assets are classified as current for reporting purposes when
a. shares of common stock in a company's important supplier are acquired to ensure continued availability of raw materials. b. shares of common stock in another company are acquired to diversify operations. c. expenditures are made in developing new technologies or advertising products. d. they are reasonably expected to be turned into cash or to be sold or consumed during the normal operating cycle of the business. e. None of these answer choices is correct.
What is the minimum hourly wage stipulated by the Fair Labor Standards Act in 2009?
A) $15.25 B) $2.25 C) $7.25 D) $12.25