Rowen, Inc. had pre-tax accounting income of $1,672,000 and a tax rate of 40% in  2015, its first year of operations. During 2015 the company had the following transactions: Received rent from Jane, Co. for 2016 $64,000 Municipal bond income $80,000 Depreciation for tax purposes in excess of book depreciation $40,000 Installment sales revenue to be collected in 2016 $108,000   5. For 2015, what is the amount of income taxes payable for Rowen, Inc? a. $603,200 b. $654,000 c. $686,400 d. $772,800

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.