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The following data of ABC Ltd. relates to the current year: Pre-tax accounting income Depletion Tax Books Depreciation Tax Books $20,000 4,000 2,000 10,000 8,000

The following data of ABC Ltd. relates to the current year: Pre-tax accounting income Depletion Tax Books Depreciation Tax Books $20,000 4,000 2,000 10,000 8,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data of ABC Ltd. relates to the current year: Pre-tax accounting income Depletion Tax Books Depreciation Tax Books Dividends from a tax Canadian corporation False advertising fine (not deductible) Rent revenue Tax Books Compute taxable income for the year. Question 9Select one: a. 15,000 b. 17,000 C. 19,000 d. 13,000 $20,000 4,000 2,000 10,000 8,000 6,000 1,000 16,000 12,000
Transcribed Image Text:The following data of ABC Ltd. relates to the current year: Pre-tax accounting income Depletion Tax Books Depreciation Tax Books Dividends from a tax Canadian corporation False advertising fine (not deductible) Rent revenue Tax Books Compute taxable income for the year. Question 9Select one: a. 15,000 b. 17,000 C. 19,000 d. 13,000 $20,000 4,000 2,000 10,000 8,000 6,000 1,000 16,000 12,000
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