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Based on the following information, compute 2021 taxable income for South Co. assuming that its pre-tax accounting income for the year ended December 31, 2021
Based on the following information, compute 2021 taxable income for South Co. assuming that its pre-tax accounting income for the year ended December 31, 2021 is $460,000. Future taxable Temporary difference (deductible) amount Installment sales $384,000 Depreciation $120,000 Unearned rent ($400,000)
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