What is the amount of income tax expense


Question: Wildhorse corp has a tax rate of 20 percent and income before non-operating items of $1785000. it also has the following items (gross amounts): unusual gain $117400 Loss from discontinued operations 915900 dividend revenue 30000 income increasing prior period adjustment 370000 what is the amount of income tax expense wildhourse would report on its income statement? a. $203300 b. $363000. c. $277300 d. $386480

 

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Accounting Basics: What is the amount of income tax expense
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