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Provincial Inc. reported the following before-tax income statement items: Operating income $700,000 Nonoperating losses (100,000) Provincial has a 25% income tax rate. Provincial would report

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

Operating income $700,000

Nonoperating losses (100,000)

Provincial has a 25% income tax rate.

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

a.$150,000

b.$160,000

c.$175,000

d.$200,000

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