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CSQ Inc. reported $1,339,700 book income before tax this year. CSQ had $46,600 favorable permanent differences and $103,500 unfavorable temporary differences between book income and
CSQ Inc. reported $1,339,700 book income before tax this year. CSQ had $46,600 favorable permanent differences and $103,500 unfavorable temporary differences between book income and taxable income. Assuming a 35 percent tax rate, which of the following statements is true? SHOW WORK A. CSQ's tax payable is $448,980. B. CSQ's tax expense per books is $452,585. C. CSQ's tax payable is $505,120. D. CSQ's tax expense per books is $485,205
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