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Which of the following statements is true of income tax expense? Question 28 Select one: a. It is reported at the top of income statement.

Which of the following statements is true of income tax expense? Question 28 Select one:

a. It is reported at the top of income statement.

b. It is reported in the statement of retained earnings.

c. It is incurred to generate revenue.

d. It is recognized only on payment of cash.

e. It is caused by a companys revenues.

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