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Business, 31.12.2019 02:31 justinhudson17

Information for hobson corp. for the current year ($ in millions): income from continuing operations before tax $ 250 loss on discontinued operation (pretax) 50 temporary differences (all related to operating income): accrued warranty expense in excess of expense included in operating income 10 depreciation deducted on tax return in excess of depreciation expense 15 permanent differences (all related to operating income): nondeductible portion of entertainment expense 10 the applicable enacted tax rate for all periods is 40%. how much tax expense on income from continuing operations would be reported in hobson's income statement? multiple choice $90 million. $104 million. $102 million. $100 million.

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Information for hobson corp. for the current year ($ in millions): income from continuing operation...
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