Question: Information for Rusecki Corp. for the current year ( $ in millions ) is as follows: Income from continuing operations before tax $ 1 5

Information for Rusecki Corp. for the current year ($ in millions) is as follows: Income from continuing operations before tax $150 Loss on discontinued operation (pretax)30 Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income 10 Depreciation deducted on tax return in excess of depreciation expense 25 Permanent differences (all related to operating income): Permanent differences all related to operating income): Nondeductible portion of entertainment expense 24%255 The applicable enacted tax rate for all periods is 40%. How much tax expense on income from continuing operations would be reported in Rusecki's income statement? O A. $50 million O B. $62 million O C. $56 million O D. $60 million

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