For Its First Year of Operations Tringali Corporation's Reconciliation of Pretax

question 78

Multiple Choice

For its first year of operations Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Tringali's tax rate is 40%.
What should Tringali report as its income tax expense for its first year of operations?

• A)$120,000.
• B)$114,000.
• C)$106,000.
• D)$8,000.

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Self-esteem Types

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