ACC 545 STUDY Extraordinary Success/acc545study.com ACC 545 STUDY Extraordinary Success/acc545study.c | Page 26

Income before income tax $240,000
Prior period adjustment: understatement of 2005 depreciation
expense (before taxes) $ 25,000
Cumulative decrease in income from change in inventory methods
(before taxes) $ 35,000
Dividends declared (of this amount, $25,000 will be paid on January
15, 2008) $100,000
Effective tax rate 40%
===================================================
ACC 545 Week 5 Team Investments and Marketable Securities
Discussion
FOR MORE CLASSES VISIT
www.acc545study.com
This Tutorial contains 2 Papers
ACC 545 Week 5 Team Investments and Marketable Securities
Discussion