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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate ce

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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate ce [The following information applies to the questions displayed below) Randolph Company reported pretax net income from continuing operations of $1116,500 and taxable income of $687,500 The book-tax difference of $429,000 was due to a $247,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $99.000 due to an increase in the reserve for bad debts, and a $281,000 favorable permanent difference from the receipt of life insurance proceeds d. Provide a reconciliation of Randolph Company's effective tax rate with its hypothetical tax rate of 21 percent (Amounts to be deducted should be indicated by a minus sign. Round your percentages to 2 decimal places.) Answer is not complete. ETR reconciliation in S) income tax expense at 21% Tax benefit from permanent difference Income tax provision ETR reconciliation (in) Hypothetical income tax rate 21 00 Effective tax rate

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