In 2016, John Stumpf, CEO of Wells Fargo, was forced to resi…

In 2016, John Stumpf, CEO of Wells Fargo, was forced to resign after both stakeholder and government scrutiny of the practices of the firm. Firm management had instituted very aggressive sales goals for employees, leading employees to create sham accounts using the names and money of the real customers of the bank. This is an example of ________ corporate governance.

For the current year ($ in millions), LitoR Corp. had $108 i…

For the current year ($ in millions), LitoR Corp. had $108 in pretax accounting income. This included warranty expense of $9; $8 of warranty costs were incurred depreciation expense of $26; depreciation deductions in the tax return amounted to $41. There were no other temporary or permanent differences. What was LitoR’s income tax payable currently, assuming a tax rate of 25%?