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Arreaga Corp

Question 62

Multiple Choice

Arreaga Corp. has a tax rate of 40 percent and income before non-operating items of $928,000. It also has the following items (gross amounts) . Arreaga Corp. has a tax rate of 40 percent and income before non-operating items of $928,000. It also has the following items (gross amounts) . What is the amount of income tax expense Arreaga would report on its income statement? A) $371,200 B) $324,800 C) $396,800 D) $248,000 What is the amount of income tax expense Arreaga would report on its income statement?


A) $371,200
B) $324,800
C) $396,800
D) $248,000

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