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Corporate Income tax expense on the statement is calculated: a. the corporation's actual tax liability +-changes in deferred taxes b. Corporations are not subject to
Corporate Income tax expense on the statement is calculated:
a. the corporation's actual tax liability +-changes in deferred taxes
b. Corporations are not subject to taxation.
c. earnings before taxes x the corporation's tax rate.
d. if they get a refund, there will be no tax expense.
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