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Ann Corporation reported pretax book income of $1,030,000. Included in the computation were favorable temporary differences of $370,000, unfavorable temporary differences of $253,000, and favorable
Ann Corporation reported pretax book income of $1,030,000. Included in the computation were favorable temporary differences of $370,000, unfavorable temporary differences of $253,000, and favorable permanent differences of $149,000. Compute the companys book equivalent of taxable income. Use this number to compute the companys total income tax provision or benefit.
Book equivalent of taxable income?
Total income tax provision or benefit?
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