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ABC Industries Has the Following Account Balances: Assume an Income

Question 182

Multiple Choice

ABC Industries has the following account balances: ABC Industries has the following account balances: Assume an income tax rate of 20%. What is the amount of income tax expense to be reported on the corporate income statement? A) $ 13,600 B) $ 15,000 C) $ 10,100 D) $ 73,000 Assume an income tax rate of 20%. What is the amount of income tax expense to be reported on the corporate income statement?


A) $ 13,600
B) $ 15,000
C) $ 10,100
D) $ 73,000

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