The following information relates to Fremont Inc. for its first year of operations (data in millions of dollars): The applicable tax rate is 25%. There are no other temporary or permanent differences. Which of the following must Fremont disclose related to the income tax expense reported in the income statement (\$ in millions)? Mulviple Choice Only the total tax expense of $550 Only the current portion of tax expense of $440 Both the current portion of the tax expense of $200 and the deferred portion of the tax expense of $110 None of these answer choices are carrect