Daniel Corporation,which Has a Fiscal Year Ending December 31,had the Following

question 48

Multiple Choice

Daniel Corporation,which has a fiscal year ending December 31,had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended December 31,20X6:

Daniel's income tax expense in its interim income statement for the third quarter is:

• A)$29,500
• B)$35,200
• C)$66,500
• D)$96,000

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