Question
A company had pretax financial income of $643,000 in 2021. During 2021, the following items cause taxable income to be different than pretax financial income:
A company had pretax financial income of $643,000 in 2021. During 2021, the following items cause taxable income to be different than pretax financial income:
Municipal bond income $92,460
Interest expense was accrued and will be paid in 2022 120,330
What is taxable income for the company in 2021?
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Internal Auditing Assurance And Consulting Services
Authors: Kurt Reding, Paul Sobel, Michael Head, Sridhar Ramamoorti, Urton Anderson
2nd Edition
0894136437, 978-0894136436
