If Beta Corp's Net Income Is $210,000 and the Tax

question 79

Multiple Choice

If Beta Corp's net income is $210,000 and the tax rate is 30%,then the company's planned operating income is ________.

• A) $325,000
• B) $300,000
• C) $273,000
• D) $357,000

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Definitions:

Revenues

The total amount of income generated from the sale of goods or services related to a company’s primary operations.

Expenses

The costs incurred in the process of generating revenue, typically categorized as operating or non-operating expenses.

Owner's Equity Statement

A financial document showing the changes in the value of a business owner's equity over a period of time.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific point in time, listing assets, liabilities, and shareholders' equity.