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Crane Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $52,300 in 2021, $57,200 in 2022,
Crane Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $52,300 in 2021, $57,200 in 2022, and $62,400 in 2023. Crane's pretax financial income for 2020 is $302,600, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020. Crane Corporation Income Statement (Partial) $
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