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Provincial Inc. reported the following before-tax income statement items: Operating income $ 600,000 Loss on discontinued operations 100,000 Provincial has a 30% income tax rate.

Provincial Inc. reported the following before-tax income statement items:

Operating income$600,000
Loss on discontinued operations100,000

Provincial has a 30% income tax rate.

Provincial would report the following amount of income tax expense as a separately stated line item in the income statement:

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$198,000.

$168,000.

$150,000.

$180,000.

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