Angel Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by $25,000. In addition, tax depreciation exceeded book depreciation by $100,000. Finally, Angel subtracted a dividends received deduction of $25,000 in computing its current-year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is:

The hypothetical tax expense =$340,000 with assumption that tax rate is 34%.

Explanation:

The above figure is worked out like this=$1,000,000*34%=$340,000

The hypothetical tax expense is pretax income multiplied with statutory income tax rate.

In our scenario pretax book income is $1,000,000 and tax rate is 34%

Please note that 34% tax rate is assumed as the said rate is not given in question.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest

a) both were commissioned explorers