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.

Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition