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Billy Foods reported $ 3 6 0 million in income before income taxes for 2 0 2 4 , its first year of operations. Tax

Billy Foods reported $360 million in income before income taxes for 2024, its first year of operations. Tax depreciation exceeded depreciation for financial reporting purposes by $50 million. The company also had non-taxable revenues of $10 million relating to permanent differences. The applicable tax rate was 30%.Billy's net income for year 2024 would be: $255 million$249 million$252 million$258 million

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