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it says it's wring. i chose letter D pls show step by step The following information relates to Franklin Freightways for its first year of

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it says it's wring. i chose letter D pls show step by step
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars); 5 75 Pretax accounting income: $247 Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return 135 The applicable tax rate is 25%. There are no other temporary or permanent differences. Which of the following must Franklin Freightways disclose related to the income tax expense reported in the income statement ($ in millions)? Multiple Choice Only the current portion of tax expense of $60 Only the current portion of tax expense of $60 None of these answer choices are correct. Only the total tox expense of $75 Both the current portion of the tax expense of $48 and the deferred portion of the tax expense of $15

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