Answered: Riverside Technologies Inc. reported… | bartleby

SWFT Corp Partner Estates Trusts

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter14: Taxes On The Financial Statements

Section: Chapter Questions

Problem 24CE

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Please provide answer this financial accounting question

Riverside Technologies Inc. reported pre-tax book
income of $850,000. Included in the computation
were favorable temporary differences of $23,000,
unfavorable temporary differences of $75,000, and
unfavorable permanent differences of $45,000.
Assuming a tax rate of 30%, the corporation's
current income tax expense or benefit would be:

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