The following information was taken from the 20X1 financial statements of Eiger Corporation, a maker of equipment for mountain and rock climbers: Net income Depreciation Increase (decrease) in Accounts receivable Inventories Prepaid expenses Accounts payable Salaries payable Other current liabilities $ 100,000 30,000 110,000 (50,000) 15,000 (150,000) 15,000 (70,000) Required: 1. Calculate Eiger's cash flow from operating activities for 20X1. (If the cash flow amount is negative, enter your answer with a minus sign.)

Could I get the entire answer please? Earnings before taxes, net income and taxes?

Explain why you would prefer to have an expense labeled as an adjustment to income instead of being labeled as a deduction. List two types of individuals who are most likely to take itemized deductions.  Be specific.

What is deferred income tax expense?