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Guava, Inc. has financial accounting book income of $10,247,400. This book income amount includes a $912,600 bad debt expense, determined by the allowance method. Actual
Guava, Inc. has financial accounting book income of $10,247,400. This book income amount includes a $912,600 bad debt expense, determined by the allowance method. Actual write offs this year were $864,000. Based only on this information, compute Guava's taxable income. O $10,247,400 $10,296,000 $10,198,800 $9,514,800
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