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Provincial Inc. reported the following before-tax income statement items Operating income Nonoperating losses Provincial has a 25% income tax rate. $590,000 (81,000) Provincial would

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Provincial Inc. reported the following before-tax income statement items Operating income Nonoperating losses Provincial has a 25% income tax rate. $590,000 (81,000) Provincial would report the following amount of income tax expense as a separately stated line item in the income statement Multiple Choice $127,250 $139,250 $20.250.

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