Question
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 operations | 100,000 |
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:
Group of answer choices
$198,000.
$168,000.
$150,000.
$180,000.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
18th edition
125969240X, 978-1259692406
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