William Corporation,which Has a Fiscal Year Ending January 31,had the Following

question 16

Multiple Choice

William Corporation,which has a fiscal year ending January 31,had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended January 31,20X8:

William's income tax expense in its interim income statement for the third quarter are:

• A)$36,000.
• B)$73,500.
• C)$46,500.
• D)$120,000.

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Definitions:

Relative Frequency Histogram

A type of histogram that displays the proportion or percentage of observations within various categories or intervals.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies (proportions or percentages) of values within a dataset.

Histogram

A graphical representation of the distribution of numerical data, where the data is divided into bins and the frequency of data in each bin is represented by the height of the bar.

Relative Frequency Histogram

A type of histogram where each bar's height represents the proportion of data that falls into each category, compared to the total data set.