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SWFT Essntl Tax Individ/Bus Entities 2020

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 4BCRQ

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Question

Jackson corporation reported a pretax book income of 520000?

Jackson Corporation reported a pretax book
income of $520,000. Included in the computation
were:
Favorable temporary differences of $63,800
• Unfavorable temporary differences of $27,400
• Favorable permanent differences of $45,600
What is the book equivalent of taxable income?

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