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ABC has pretax accounting income $92,430. During the year, ABC paid a fine of $1,326 that is nondeductible for tax purposes. At the end of
ABC has pretax accounting income $92,430. During the year, ABC paid a fine of $1,326 that is nondeductible for tax purposes. At the end of the year, ABC collected $13,300 from a tenant for rental of a building next year. Assume a tax rate of 31%. The year-end balance of the related deferred tax account is Taxable income is
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