Question
Grand River Corporation reported pretax book income of $690,000. Included in the computation were favorable temporary differences of $195,000, unfavorable temporary differences of $162,000, and
Grand River Corporation reported pretax book income of $690,000. Included in the computation were favorable temporary differences of $195,000, unfavorable temporary differences of $162,000, and favorable permanent differences of $194,000. The corporation's current income tax expense or benefit would be:
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
