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Howard Company's 2024 income from continuing operations before income taxes was $291,000. Howard Company reported before-tax income on discontinued operations of $79,000. All tax items

Howard Company's 2024 income from continuing operations before income taxes was $291,000. Howard Company reported before-tax income on discontinued operations of $79,000. All tax items are subject to a 25% tax rate. In its income statement for 2024, Howard Company would show the following line-item amounts for income tax expense and net income

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