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Freda's Florist Reported the Following Before-Tax Income Statement Items for the Year

question 27

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Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2018: Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2018:   All income statement items are subject to a 40% income tax rate. In its 2018 income statement, Freda's separately stated income tax expense and total income tax expense would be: A)  $128,000 and $128,000, respectively. B)  $128,000 and $100,000, respectively. C)  $100,000 and $128,000, respectively. D)  $100,000 and $100,000, respectively. All income statement items are subject to a 40% income tax rate. In its 2018 income statement, Freda's separately stated income tax expense and total income tax expense would be:


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