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Income statement information for Quick Corp. for the years ended December 31, 20X0 and 20X1 was as follows (in $ millions):
Quick acquired a franchise in 20X0 for $15,000,000 and elected to amortize the cost over 10 years. Ignoring taxes, if Quick had expensed the franchise cost in 20X0 instead of amortizing it, net income for 20X0 and 20X1 would be:
A.
B.
C.
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