What effect (if any) would the unrealized profits in ending inventory have on income tax expense for 2018?
A) They would cause a $1,600 reduction in income tax expense.
B) They would cause a $1,200 reduction in income tax expense.
C) They would cause a $1,200 increase in income tax expense.
D) They would cause a $1,600 increase in income tax expense.
Correct Answer:
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