Refer to the Savoy Corporation Income Statement Accounts. What is the average tax rate for the Savoy Corporation for 2014?

A) 29.6%
B) 33.3%
C) 35.0%
D) 30.0%


Answer: A

Business

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Bailey Corp sold investments for $204,000 cash that cost $180,000. The journal entry to record the transaction which correctly shows the increase in cash flow is:

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Answer the following statement true (T) or false (F)

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