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7. Pension data for Sewell Corporation include the following for the current calendar year: Required: Assuming cash contributions were made at the end of the
7. Pension data for Sewell Corporation include the following for the current calendar year: Required: Assuming cash contributions were made at the end of the year, what was the amount of those contributions? 8. Pension data for Goldman Company included the following for the current calendar year: Required: Determine pension expense for the year. 5. Pretax accounting income for the year ended December 31, 2011, was $50 million for Truffles Company. Truffles' taxable income was $60 million. This was a result of differences between straight line depreciation for financial reporting purposes and MACRS for tax purposes. The enacted tax rate is 30% for 2011 and 40% thereafter. What amount should Truffles report as the current portion of income tax expense for 2011
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