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Southeast airlines had pre-tax earnings of $65 million. Included in this amount is income from discontinued operations of $10 million. The companies tax rate is
Southeast airlines had pre-tax earnings of $65 million. Included in this amount is income from discontinued operations of $10 million. The companies tax rate is 25%. What is the amount of income tax that Southeast will report in its income statement for continuing operations?
income from continuing operations before tax ___ million
income tax expense ___ million
income from continuing operations ___ million
income from discontinued operation ___ million
net income ___ million
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