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Ann Corporation reported pretax book income of $1,270,000. Included in the computation were favorable temporary differences of $225,000, unfavorable temporary differences of $128,000, and favorable

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Ann Corporation reported pretax book income of $1,270,000. Included in the computation were favorable temporary differences of $225,000, unfavorable temporary differences of $128,000, and favorable permanent differences of $140,000. Compute the company's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit. Book equivalent of taxable income Total income tax provision or benefit

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