Business, 13.02.2020 20:53 awesomegamergurl13

Pharoah Corporation prepared the following reconciliation for its first year of operations: Pretax financial income for 2018 $2900000 Tax exempt interest (154000) Originating temporary difference (458000) Taxable income $2288000 The temporary difference will reverse evenly over the next 2 years at an enacted tax rate of 40%. The enacted tax rate for 2018 is 28%. What amount should be reported in its 2018 income statement as the current portion of its provision for income taxes?a. $640640b. $1160000c. $812000d. $915200

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