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Grand River Corporation reported pretax book income of $650,000. Included in the computation were favorable temporary differences of $175,000, unfavorable temporary differences of $130,000,
Grand River Corporation reported pretax book income of $650,000. Included in the computation were favorable temporary differences of $175,000, unfavorable temporary differences of $130,000, and favorable permanent differences of $170,000. The corporation's current income tax expense or benefit would be:
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