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Can you help with this? Information for Hobson Corp. for the current year {55 in millions}: Income from continuing operations before tax Loss on discontinued
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Information for Hobson Corp. for the current year {55 in millions}: Income from continuing operations before tax Loss on discontinued operation (pretax) Temporary differences [all related to operating income): ccrued warranty expense in excess of expense included in operating income Depreciation deducted on tax return in excess of depreciation expense Permanent differences {all related to operating income): Hondeductihle portion of entertainment expense The applicable enacted tax rate for all periods is 25%. 1il'ii'hat should Hobson report as net income? $155 32 1F} 25Step by Step Solution
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