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During the current year, Jason company had pretax accounting income of $60 million. Jason's only temporary difference for the year was rent received for the
During the current year, Jason company had pretax accounting income of $60 million. Jason's only temporary difference for the year was rent received for the following year in the amount of 15 million. Jason's taxable income for the year would be:
1. 70 million
2. 60 million
3. 45 million
4. 75 million
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