reported pretax book Kumara also reports an increase in the taxable temporary differences of $176,000, an increase in the deductible temporary differences of $171,000, and favorable permanent differences of $176,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit, what is the deferred 1.Kumara Corporation income of $1,200,000.
reported pretax book Kumara also reports an increase in the taxable temporary differences of $176,000, an increase in the deductible temporary differences of $171,000, and favorable permanent differences of $176,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit, what is the deferred 1.Kumara Corporation income of $1,200,000.
Chapter14: Taxes On The Financial Statements
Section: Chapter Questions
Problem 4BCRQ
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![1.Kumara Corporation
reported pretax book
income of $1,200,000. Kumara also reports an
increase in the taxable temporary differences of
$176,000, an increase in the deductible temporary
differences of $171,000, and favorable permanent
differences of $176,000. Assuming a tax rate of 21
percent, compute the company's deferred income
tax expense or benefit. what is the deferred
income expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36140b03-f341-4c4d-9bde-da05bb41382f%2Fdce56f7c-a09a-41b6-9def-ff95ca317a91%2F4ihrb8m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1.Kumara Corporation
reported pretax book
income of $1,200,000. Kumara also reports an
increase in the taxable temporary differences of
$176,000, an increase in the deductible temporary
differences of $171,000, and favorable permanent
differences of $176,000. Assuming a tax rate of 21
percent, compute the company's deferred income
tax expense or benefit. what is the deferred
income expense
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