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What the amount that rodd should report as an income tax

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Reference no: EM132841223

Rodd Co. reports a taxable and pretax financial loss of $1,000,000 for 2018. Rodd's taxable and pretax financial income and tax rates for the last two years were:

2016 $900,000 30%
2017 900,000 40%

Problem 1: The amount that Rodd should report as an income tax refund receivable in 2018 is?

A. $310,000
B. $360,000
C. $400,000
D. $300,00

Reference no: EM132841223

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