Stone Company reported pre-tax book income of $700,000 in 2018, the first year of operation. The tax depreciation exceeded the book depreciation by $90,000. The tax rate for 2018 and all future years was 30%.Income tax expense reported in the income statement for the year ending December 31, 2018 would be:
A. $100,000.
B. $183,000.
C. $210,000.
D. $120,000.
Answer: C
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