What would be the total income tax expense, Accounting Basics

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What would be the total income tax expense

Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2009:

Operating Income $250,000
Extraordinary Gain 70,000

All income statement items are subject to a 40% income tax rate. In its 2009 income statement, what would be the Freda's separately stated income tax expense and total income tax expense ?

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Accounting Basics: What would be the total income tax expense

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Accounting Basics: What would be the total income tax expense

Reference No:- TGS068271

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: What would be the total income tax expense

Reference No:- TGS068271

Recent Questions Asked Accounting Basics

Q : Determining the airplane fares

Q : Show how marketing tactic affects consumer-s budget

Q : Issuing any new common stock

Q : Defining moment for economists

Q : What would be the total income tax expense

Q : Marshall-lerner condition

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