Denver Company,a calendar-year corporation,had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X8:

Denver's income tax expense in its interim income statement for the third quarter should be:
A)$126,000.
B)$68,400.
C)$62,400.
D)$54,000.

Question

Denver Company,a calendar-year corporation,had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X8:

Denver's income tax expense in its interim income statement for the third quarter should be:
A)$126,000. 
B)$68,400. 
C)$62,400. 
D)$54,000.

Quizplus · Accepted Answer

The Answer of Denver Company,a calendar-year corporation,had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X8:

Denver's income tax expense in its interim income statement for the third quarter should be:
A)$126,000. 
B)$68,400. 
C)$62,400. 
D)$54,000.

Denver Company,a Calendar-Year Corporation,had the Following Actual Income Before Income