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5) Taylor Company began manufacturing operations on January 2, 2018. During 2018 reported pre-tax book income of $150,000 and had taxable income of $200,000. Tay
5) Taylor Company began manufacturing operations on January 2, 2018. During 2018 reported pre-tax book income of $150,000 and had taxable income of $200,000. Tay temporary difference relating to accrued product warranty costs which are expected as follows: 2019 30.000 2020 15,000 2021 S 5.000 Income tax expense for 2018 is: A) $45,000. B) $67,000. C) $65,000. D) $43,000
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