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Grand River Corporation reported pretax book income of $570,000. Included in the computation were favorable temporary differences of $135,000, unfavorable temporary differences of $66,000, and
Grand River Corporation reported pretax book income of $570,000. Included in the computation were favorable temporary differences of $135,000, unfavorable temporary differences of $66,000, and favorable permanent differences of $122,000. The corporation's current income tax expense or benefit would be Multiple Choice $119,700 tax benefit. $119,070 tax expense. $105,210 tax benefit. $79,590 tax expense
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