rane Company has a tax rate of 30 percent and income before non-operating items of...
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Accounting
rane Company has a tax rate of 30 percent and income before non-operating items of $1393000. It also has the following items (gross amounts).
| Unusual loss | $222500 |
| Discontinued operations loss | 605000 |
| Gain on disposal of equipment | 49500 |
| Change in accounting principle | |
| increasing prior year's income | 317000 |
What is the amount of income tax expense Crane would report on its income statement?
$366000
$446250
$279600
$417900
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