In 2007, the first year of its operation, Admire Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $50,000. The facilities were sold in March 2008 and a $50,000 loss was recognized for tax purposes. Assuming that the enacted tax rate is 35% in 2007 and 30% in 2008, and that Admire taxable income is $300,000 in 2007, the 2007 income tax expense should be Group of answer choices

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.