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grand corporation reported a pretax book income of $545,000. tax depreciation exceeded book depreciation by $435,000. in addition the company received $225000 of tax exempt
grand corporation reported a pretax book income of $545,000. tax depreciation exceeded book depreciation by $435,000. in addition the company received $225000 of tax exempt municipal bond interest. the company's prior ur tax return showed taxable income of 70,000 compute the the company's current or deferred income tax expense or benefit
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