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Cullumber Corporation has income before taxes of $425000 and a loss from discontinued operations pretax of $125000. If the income tax rate is 25% on
Cullumber Corporation has income before taxes of $425000 and a loss from discontinued operations pretax of $125000. If the income tax rate is 25% on all items, the income statement should show income tax expense of $318750.$93750.$106250.$156250
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