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Multiple Choice Question 65 Your answer is incorrect. Try again. Carla Vista Corporation prepared the following reconciliation for its first year of operations: Pretax financial

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Multiple Choice Question 65 Your answer is incorrect. Try again. Carla Vista Corporation prepared the following reconciliation for its first year of operations: Pretax financial income for 2018 Tax exempt interest Originating temporary difference Taxable income $2450000 (145000) (440000) $1865000 The temporary difference will reverse evenly over the next 2 years at an enacted tax rate of 40%. The enacted tax rate for 2018 is 28%. What amount should be reported in its 2018 income statement as the current portion of its provision for income taxes? $522200 $686000 O $746000 O $980000 LINK TO TEXT

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