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

 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 perlods is 25%. How should Hobson report tax on the discontinued operation? Multiple Choice A tax receivable of $13 million in the balance sheet. A tax benefit of $13 million to net against the $52 million pretax loss. A deferred tax asset of $13 million in the balance sheet. None of these answer choices are correct

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