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Provincial Inc. reported the following before-tax income statement items: Operating income $ 520,000 Loss on discontinued operations 92,000 Provincial has a 34% income tax rate. Provincial would report the following amount of income tax expense as a separately stated line item in the income statement:

Respuesta :

abiolataiwo2015

Answer:

$176,800

Explanation:

Operating income ×income tax rate

$520,000 × 34% = $176,800

Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.

batolisis

Answer:

$176800

Explanation:

Operating income = $520000

loss on discontinued operations = 92000

income tax rate = 34%

provincial would report an amount of income tax expense

= operating income * income tax rate

= $520000 * 0.34

= $176800

hence Provincial would report $176800 as income tax expense on a separately stated line item in the income statement

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