Jacobsen Corporation prepares its financial statements applying U. S. GAAP. In its 2018 income statement, Jacobsen would report income from continuing operations of

Available Options Are:

Jacobson Corporation prepares its financial statement applying US GAAP. During its 2018 fiscal year, the company reported income from continuing operations before tax of $620,000. This amount does not include the following item, which is considered to be material in amount:

Unusual gain of $200,000

Loss on discontinued operations ($300,000)

The company's income tax rate is 40%. In its 2018 income statement.

Jacobson would report income from continuing operations (after tax) of:

A. $312,000.

B. $372,000.

C. $492,000.

D. $620,000.

Option C. $492,000

Explanation:

The Total Operating Income is:

Operating Income From Continuing Operation     $620,000

Unusual Gain                                                           $200,000

Total Income                                                             $820,000

The unusual gain will be included in the operating income as it is related to operating income.

The net income from continuing operation will be net of tax which means that:

Net Income after tax = $820,000 * (1 - 40%) = $492,000

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it