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:

$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

oof

explanation:

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