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Exercise 16-18 (Algo) Change in tax rates; calculate taxableincome [LO16-2, 16-6]Arnold Industries has pretax accounting income of $160 millionfor the year ended December 31, 2024.

Exercise 16-18 (Algo) Change in tax rates; calculate taxableincome [LO16-2, 16-6]Arnold Industries has pretax accounting income of $160 millionfor the year ended December 31, 2024. The tax rate is 2 answers

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