XYZ Ltd.,a taxable Canadian corporation,reported the following revenues and expenses in these amounts for both taxes and financial reporting (the tax rate is 40%). What is income tax expense for the year?

Question

XYZ Ltd.,a taxable Canadian corporation,reported the following revenues and expenses in these amounts for both taxes and financial reporting (the tax rate is 40%).  What is income tax expense for the year?

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The Answer of XYZ Ltd.,a taxable Canadian corporation,reported the following revenues and expenses in these amounts for both taxes and financial reporting (the tax rate is 40%).  What is income tax expense for the year?

XYZ Ltd,a Taxable Canadian Corporation,reported the Following Revenues and Expenses in in These