Josh Company, a calendar-year corporation has the following income before income tax provison and estimated effective annual income tax rates for the first three quarters of year 1: Income before income tax provision Estimated effective annual rate at end of quarter Quarter First P600,000 40% Second 700,000 40% Third 400,000 45% 1. Josh income tax provision in its interim income statement for the third quarter should be?
Josh Company, a calendar-year corporation has the following income before income tax provison and estimated effective annual income tax rates for the first three quarters of year 1:
Income before income tax provision Estimated effective annual rate at end of quarter
Quarter
First P600,000 40%
Second 700,000 40%
Third 400,000 45%
1. Josh income tax provision in its interim income statement for the third quarter should be?
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