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Green Corporation reported pretax book income of $1,028,000. During the current year, the net reserve for warranties increased by $51,400. In addition, tax depreciation exceeded
Green Corporation reported pretax book income of $1,028,000. During the current year, the net reserve for warranties increased by $51,400. In addition, tax depreciation exceeded book depreciation by $107,000. Finally, Green subtracted a dividends received deduction of $25,700 in computing its current year taxable income Green's cash tax rate is. Multiple Choice 21 21% O 20.48% O 19.95% 19.34%
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