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Dasher, Inc., (a calendar year accrual taxpayer) reported net book income of $404,000. The following items were taken into account in reaching net book income
Dasher, Inc., (a calendar year accrual taxpayer) reported net book income of $404,000. The following items were taken into account in reaching net book income (after taxes) of $404,000. Additional information needed to calculate taxable income is also included. Using the chart below complete the following questions. NOTE: (A) Do not use commas, (B) Do not use currency symbols, and (C) Use parenthesis for negative numbers. For instance, a negative $250,000 will be input as (250000) a. Reconcile book income to taxable income for Dasher, Inc. Be sure to start with book income and identify all of the adjustments necessary to arrive at taxable income. b. Identify each book-tax difference as either permanent (P) or temporary (T)
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