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In 2020, a company has the following differences between pretax financial income and taxable income: In 2020, the company accrues for litigation loss, $69,000. It
In 2020, a company has the following differences between pretax financial income and taxable income:
- In 2020, the company accrues for litigation loss, $69,000. It is estimated that the litigation liability will be paid in 2024.
- In 2020, a company receives interest income payment from municipal bonds, $16,000.
The companys pretax financial income for 2020 is $660,000. How much is taxable income for 2020?
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Cost Accounting Theory And Practice
Authors: Bhabatosh Banerjee
13th Edition
9788120349087
