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Guava, Inc. has financial accounting book income of $2,277,200. This book income amount includes a $202,800 bad debt expense, determined by the allowance method. Actual
Guava, Inc. has financial accounting book income of $2,277,200. This book income amount includes a $202,800 bad debt expense, determined by the allowance method. Actual write offs this year were $192,000. Based only on this information, compute Guava's taxable income.
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$2,288,000
$2,277,200
$2,266,400
$2,114,400
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