Accounting, Binder Ready Version: Tools for Business Decision Making - Standalone book
6th Edition
ISBN: 9781119191674
Author: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Publisher: WILEY
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Chapter 12, Problem 7BE
To determine
Calculate the amount of
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Pina Company reports pre-tax financial income of $66,000 for 2017.
The following items cause taxable income to be different than pre-tax
financial income:
1
2
3
Depreciation on the tax return is greater than depreciation on the
income statement by $17,400.
Rent collected on the tax return is greater than rent recognized on
the income statement by $23,300.
Fines for pollution appear as an expense of $12,000 on the
income statement.
Pina's tax rate is 30% for all years, and the company expects to report
taxable income in all future years.
There are no deferred taxes at the beginning of 2017.
Required:
Calculate the taxable financial income for 2017.
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Chapter 12 Solutions
Accounting, Binder Ready Version: Tools for Business Decision Making - Standalone book
Ch. 12 - Prob. 1QCh. 12 - Prob. 2QCh. 12 - Prob. 3QCh. 12 - Prob. 4QCh. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - Prob. 10Q
Ch. 12 - Prob. 11QCh. 12 - Prob. 12QCh. 12 - Prob. 13QCh. 12 - Prob. 14QCh. 12 - Prob. 15QCh. 12 - Prob. 16QCh. 12 - Prob. 17QCh. 12 - Prob. 18QCh. 12 - Prob. 19QCh. 12 - Prob. 20QCh. 12 - Prob. 21QCh. 12 - Prob. 22QCh. 12 - Prob. 1BECh. 12 - Prob. 2BECh. 12 - Prob. 3BECh. 12 - Prob. 4BECh. 12 - Prob. 5BECh. 12 - Prob. 7BECh. 12 - Prob. 8BECh. 12 - Prob. 9BECh. 12 - Prob. 10BECh. 12 - Prob. 11BECh. 12 - Prob. 12BECh. 12 - Prob. 13BECh. 12 - Prob. 14BECh. 12 - Prob. 15BECh. 12 - Prob. 1DIECh. 12 - Prob. 2ADIECh. 12 - Prob. 2BDIECh. 12 - Prob. 3DIECh. 12 - Prob. 1ECh. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 4ECh. 12 - Prob. 5ECh. 12 - Prob. 6ECh. 12 - Prob. 7ECh. 12 - Prob. 8ECh. 12 - Prob. 9ECh. 12 - Prob. 10ECh. 12 - Prob. 11ECh. 12 - Prob. 12ECh. 12 - Prob. 13ECh. 12 - Prob. 14ECh. 12 - Prob. 15ECh. 12 - Prob. 1APCh. 12 - Prob. 2APCh. 12 - Prob. 3APCh. 12 - Prob. 4APCh. 12 - Prob. 5APCh. 12 - Prob. 6APCh. 12 - Prob. 7APCh. 12 - Prob. 8APCh. 12 - Prob. 9APCh. 12 - Prob. 10APCh. 12 - Prob. 11APCh. 12 - Prob. 12APCh. 12 - Prob. 1EYCTCh. 12 - Prob. 2EYCTCh. 12 - Prob. 3EYCTCh. 12 - Prob. 7EYCTCh. 12 - Prob. 8EYCTCh. 12 - Prob. 9EYCTCh. 12 - Prob. 1IFRSCh. 12 - Prob. 2IFRSCh. 12 - Prob. 3IFRS
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