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    Exam 16: Accounting for Income Taxes
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    Information for Hobson Corp
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Information for Hobson Corp

Question 83

Question 83

Multiple Choice

Information for Hobson Corp. for the current year ($ in millions) : Information for Hobson Corp. for the current year ($ in millions) :   The applicable enacted tax rate for all periods is 40%. - What should Hobson report as net income? A)  $70 million. B)  $72 million. C)  $75 million. D)  $88 million. The applicable enacted tax rate for all periods is 40%.
- What should Hobson report as net income?


A) $70 million.
B) $72 million.
C) $75 million.
D) $88 million.

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