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Fleming Company has the following cumulative taxable temporary differences: 12/31/11 12/31/10 $640,000 $900,000 The tax rate enacted for 2011 is 40%, while the tax
Fleming Company has the following cumulative taxable temporary differences: 12/31/11 12/31/10 $640,000 $900,000 The tax rate enacted for 2011 is 40%, while the tax rate enacted for future years is 30 %. Taxable income for 2011 is $1,600,000 and there are no permanent differences. Fleming's pretax financial income for 2011 is:
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
