Question
Harrison Corporation reported pretax book income of $735,000. Tax depreciation exceeded book depreciation by $605,000. In addition, the company received $240,000 of tax-exempt municipal bond
Harrison Corporation reported pretax book income of $735,000. Tax depreciation exceeded book depreciation by $605,000. In addition, the company received $240,000 of tax-exempt municipal bond interest. The companys prior-year tax return showed taxable income of $90,000. Compute the companys deferred income tax expense or benefit.
Deferred income tax expense =
The answer is not 4,200 FYI.
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Auditing Self Storage Preventing Employee Theft And Embezzlement The Majority Of Self Storage Managers Are Trustworthy Responsible Reliable And Honest Embezzlement Is Often A Crime Of Opportunity
Authors: Tom Litton, Poppy Behrens, Erica Shatzer, George Bernal
1st Edition
0977157814, 978-0977157815
