Howard Co.'s 2021 income from continuing operations before income taxes was $298,000. Howard Co. reported before-tax income on discontinued operations of $64,000. All tax items are subject to a 25% tax rate. In its income statement for 2021, Howard Co. would show the following line-item amounts for income tax expense and net income: Multiple Choice $74,500 and $271,500 respectively. $234,000 and $282,000 respectively. $271,500 and $74,500 respectively. $362,000 and $314,000 respectively.

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer

According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.