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Business, 02.07.2019 04:10 ari313

Information for hobson corp. for the current year ($ in millions): income from continuing operations before tax $ 150 loss on discontinued operation (pretax) 30 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 25 permanent differences (all related to operating income): nondeductible portion of entertainment expense 5 the applicable enacted tax rate for all periods is 40%. what should hobson report as income from continuing operations?

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