When a long$-$term note is given in exchange for equipment, the amount considered as paid

for the machine is the:

Multiple Choice

a$)$ Present value of cash outflows discounted at the stated rate.

b$)$ Wholesale price.

c$)$ Present value of the note payments discounted at the market rate.

d$)$ Invoice price.

The process of assigning the cost of postretirement benefits to the years during which those

benefits are assumed to be earned by employees is called:

Multiple Choice

a$)$ Restitution.

b$)$ Retribution.

c$)$ Attribution.

d$)$ Assignation.

Information for Kent Corporation for the year $2024$:

Reconciliation of pretax accounting income and taxable income:

Pretax accounting income $$180,000$

Permanent differences $(15,000{)}_{?}$

$,165,000$

$\backslash$table$[[$Temporary difference$-$depreciation$(12,000),],[$Taxable income,$$153,000]]$

Cumulative future taxable amounts all from depreciation temporary differences:

As of December $31,2023$

As of December $31,2024$

$$25,000$

The enacted tax rate was $25\%$ for $2023$ and thereafter.

What would Kent's income tax expense be in the year $2024?$

Multiple Choice

a$)$ $$35,250$

b$)$ $$38,250$

c$)$ $$41,250$

d$)$ None of these answer choices are correct.