Daniel Corporation,which has a fiscal year ending December 31,had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended December 31,20X6:

Daniel's income tax expense in its interim income statement for the third quarter is:
A)$29,500
B)$35,200
C)$66,500
D)$96,000

Question

Daniel Corporation,which has a fiscal year ending December 31,had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended December 31,20X6:

Daniel's income tax expense in its interim income statement for the third quarter is:

Daniel's income tax expense in its interim income statement for the third quarter is:
A)$29,500 
B)$35,200 
C)$66,500 
D)$96,000

Quizplus · Accepted Answer

The Answer of Daniel Corporation,which has a fiscal year ending December 31,had the following pretax accounting income and estimated effective annual income tax rates for the first three quarters of the year ended December 31,20X6:

Daniel's income tax expense in its interim income statement for the third quarter is:
A)$29,500 
B)$35,200 
C)$66,500 
D)$96,000

Daniel Corporation,which Has a Fiscal Year Ending December 31,had the Following