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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows. Pretax accounting income Permanent difference 4631

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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows. Pretax accounting income Permanent difference 4631 $310,000 (15,900) 294,100 (20,600) $273,500 Temporary difference-depreciation Taxable income Tringali's tax rate is 25%. Assume that no estimated taxes have been paid What should Tringall report as income tax payable for its first year of operations? Multiple Choice O $73,525. unting income to taxable income is as follows No results Options h15&16 0 Saved Multiple Choice o ) $73,525. o $5,150. o $77500. o $68,375

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