Brush Company has the following income before income tax and estimated effective annual income tax rates for the first three quarters of 2019. (Photo) Required: What should be Brush company estimated income for "First" quarter income statement? Select one: a. $54,600 b. $39,000 c. $46,800 d. None of the other points

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Brush Company has the following income before income tax and estimated effective annual income tax rates for the first three quarters of 2019.
(Photo)
Required:
What should be Brush company estimated income for "First" quarter income statement?

Select one:
a. $54,600
b. $39,000
c. $46,800
d. None of the other points

Quarter
Income before income Estimated
Effective Tax
Tax provision
rate
$
st
120,000
12
2nd
130,000
10
3rd
140,000
14
Transcribed Image Text:Quarter Income before income Estimated Effective Tax Tax provision rate $ st 120,000 12 2nd 130,000 10 3rd 140,000 14
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