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Checl B Shaw Corporation reported pretax book income of $1,300,000. Included in the computation were favorable temporary differences of $277,500, unfavorable temporary differences of $55,000,
Checl B Shaw Corporation reported pretax book income of $1,300,000. Included in the computation were favorable temporary differences of $277,500, unfavorable temporary differences of $55,000, and favorable permanent differences of $144,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. Deferred income tax expense L. 1
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