On June 30 20X0 Bow Corporation incurred a 150000 net loss f

On June 30, 20X0, Bow Corporation incurred a $150,000 net loss from disposal of a business component. Also on June 30, 20X0, Bow paid $50,000 for property taxes assessed for the calendar year 20X0. What amount of the preceding items should be included in the determination of Bow\'s net income or loss for the six-month interim period ended June 30, 20X0?

Multiple Choice

$150,000

$175,000

$100,000

$200,000

Solution

Answer: $175,000

Explanation:

Loss from disposal of business = $150,000

Property taxes paid = $25,000

  $175,000

The propert taxes paid for full year but for six months only we can consider.