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S and C Inc.'s income tax payable is $300,000 and its tax rate is 40%. Assuming no book - tax differences, what is S and

S and C Inc.'s income tax payable is $300,000 and its tax rate is 40%. Assuming no book - tax differences, what is S and C's net income? (Round your answer to the nearest whole dollar.) A. $450,000 B. $750,000. C. $120,000 OD. $420,000

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