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Sheridan Corporation prepared the following reconciliation for its first year of operations: The temporary difference will reverse evenly over the next 2 years at an
Sheridan Corporation prepared the following reconciliation for its first year of operations: The temporary difference will reverse evenly over the next 2 years at an enacted tax rate of 30%. The enacted tax rate for 2025 is 25%. In Sheridan's 2025 income statement, what amount should be reported for total income tax expense? $550500$512500$383750$491750
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