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What will the impact be on net income

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Reference no: EM133109376

Question - The analyst realizes that Proton Corporation wrongly recognized $30 million of revenue and wrongly capitalized $80 million of its costs of revenue. Proton Corporation has a tax rate of 25% and a cost of capital of 10%. The analyst will adjust to correct for this, after the adjustment what will the impact be on net income?

a. $82.5 million decrease

b. $110 million increase

c. $110 million decrease

d. $82.5 million increase

Reference no: EM133109376

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