Question: Question 19 (5 points) Information for Rusecki Corp. for the current year ($ in millions) is as follows: Income from continuing operations before tax $150

 Question 19 (5 points) Information for Rusecki Corp. for the current

Question 19 (5 points) 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): Nondeductible portion of entertainment expense 5 The applicable enacted tax rate for all periods is 40%. What should Rusecki report as income from continuing operations

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