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Greene Co. has pretax book income for the year ended December 31, of Year20x8 in the amournt of$295,000 and has a tax rate of 30%.
Greene Co. has pretax book income for the year ended December 31, of Year20x8 in the amournt of$295,000 and has a tax rate of 30%. The following timing difference was present: Depreciation for taxprposes in excess of book depreciation is $I4,500 What should Greene Co. record as its federal income tax liabilrty for Year 20x8? $91,450 $92,850 $88,500 $84,150 A. B. D
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