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Southeast Airlines had pretax earnings of $60 million, including a gain on disposal of a discontinued operation of $10 million. The company's tax rate is
Southeast Airlines had pretax earnings of $60 million, including a gain on disposal of a discontinued operation of $10 million. The company's tax rate is 40%. What is the amount of income tax expense that Southeast should report in its income statement? (Enter your answers in millions.) ($ in millions) Income from ordinary operations Gain on disposal of a discontinued operation Total 0
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