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Provincial Inc. reported the following before-tax income statement items: Operating income $ 510,000 Nonoperating losses (94,000 ) Provincial has a 25% income tax rate. Provincial
Provincial Inc. reported the following before-tax income statement items: Operating income $ 510,000 Nonoperating losses (94,000 ) Provincial has a 25% income tax rate. Provincial would report the following amount of income tax expense as a separately stated line item in the income statement: Multiple Choice $23,500. $114,250. $104,000. $10,250.
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