21 Major Company reported 2024 income of 310 000 from

Last updated: 10/2/2023

21 Major Company reported 2024 income of 310 000 from continuing operations before income taxes and a before tax loss on discon operations of 78 000 All income is subject to a 25 tax rate In the income statement for the year ended December 31 2024 Maja Company would show the following line item amounts for income tax expense and net income Multiple Choice 58 000 and 388 000 respectively 77 500 and 174 000 respectively 58 000 and 232 500 respectively Sty G