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  3. the following information relates to 2025.income b

The following information relates to 2025.Income before income taxPrior period adjustment: understatement of 2023 depreciation...

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Accounting

The following information relates to 2025.Income before income taxPrior period adjustment: understatement of 2023 depreciation expense (before taxes)Cumulative decrease in income from change in inventory methods (before taxes)Dividends declared (of this amount, $104,000 will be paid on Jan. 15,2026)Effective tax rate(a)Your answer is partially correct.QSearch9.72/25$989,000$104,000$160,000$464,00020%

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