In Its First Taxable Year, Platform, Inc

question 29

Multiple Choice

In its first taxable year, Platform, Inc. generated a $100,000 net operating loss and made a $10,000 cash donation to a local charity. In its second year, Platform generated $350,000 operating income and made a $20,000 donation to the same charity. Compute Platform's taxable income for its second year. Assume neither year is 2020.

• A) $225,000
• B) $220,000
• C) $320,000
• D) $230,000

Distinguish between various diets and their implications for digestive adaptations.

Understand the structure and function of different parts of the digestive system.

Identify the characteristics and functions of a complete digestive system.

Recognize the physiological and biochemical processes involved in chemical digestion.

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Definitions:

Opportunity Costs

The price paid by not choosing the second-best option available during decision-making.

Foregone Resource

The benefits or income lost when one option is chosen over another, essentially another term for opportunity cost but often used in the context of tangible resources.

Cash Flow Estimation

The process of predicting the amount of money that will move in and out of a business in a future period.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health.