Question: Information for Hobson Corp. for the current year ( $ In millions): The applicable enacted tax rate for all periods is 25%. How much tax

Information for Hobson Corp. for the current year ( $ In

Information for Hobson Corp. for the current year ( $ In millions): The applicable enacted tax rate for all periods is 25%. How much tax expense on Income from continuing operations would be reported In Hobson's Income statement? (Round the final answer to 2 decimal places.) Multiple Choice $39.75 million. $53.50 million. $61.00 million. $59.75 million

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