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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?

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?

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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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?
Transcribed Image Text: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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