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The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars) :
Use the following to answer questions The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars) : The applicable tax rate is 40%.There are no other temporary or permanent differences. -Franklin's taxable income ($ in millions) is: A) $ 40. B) $165. C) $110. D) $160. The applicable tax rate is 40%.There are no other temporary or permanent differences.
-Franklin's taxable income ($ in millions) is:


A) $ 40.
B) $165.
C) $110.
D) $160.

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