Question

Bashful Corporation had income before income taxes for the year of $6,000,000. What is the income before income taxes for the year?

1) $6,000,000
2) $5,000,000
3) $7,000,000
4) $8,000,000

Answer 1

Bashful Corporation's income before income taxes for the year is $6,000,000, making option 1) the correct answer.

Step-by-step explanation:

The question at hand deals with the calculation of income before income taxes for Bashful Corporation. According to the provided information, Bashful Corporation had an income before income taxes of $6,000,000 for the year. This figure represents the company's earnings prior to the deduction of tax expenses. Therefore, the correct answer to the question, 'What is the income before income taxes for the year?' is option 1) $6,000,000.