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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, Accounting

Category:- Accounting Basics
Reference No.:- M968271

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