If plant assets of a manufacturing company are sold at a gain of $1,800,000 with relatedtaxes of $540,000, and the gain is not considered unusual or infrequent, the incomestatement for the period would disclose these effects asa. a gain of $1,800,000 and an increase in income tax expense of $540,000.b. operating income net of applicable taxes, $1,260,000.c. a prior period adjustment net of applicable taxes, $1,260,000.d. a discontinued operations gain net of applicable taxes, $1,260,000.

a gain of $1,800,000 and an increase in income tax expense of $540,000.

Explanation:

If plant assets of a manufacturing company are sold at a gain of $1,800,000 with related taxes of $540,000, and the gain is not considered unusual or infrequent, the income statement for the period would disclose these effects as a gain of $1,800,000 and an increase in income tax expense of $540,000.

Companies report capital gains of $1,800,000 and it's tax of $540,000; at the end of every period on the Income statement.

Capital gains are generally included in taxable income although they are taxed at a lower rate.

The amount of $1,800,000 is shown in full as gain on asset disposal

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explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.