Question
In 2020, a company has the following differences between pretax financial income and taxable income: Unearned rent revenue deferred on the books but appropriately recognized
In 2020, a company has the following differences between pretax financial income and taxable income:
- Unearned rent revenue deferred on the books but appropriately recognized in taxable income, $69,000.
- Excess depreciation on tax returns, $19,000;
The companys pretax financial income for 2020 is $610,000. How much is taxable income for 2020?
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Cost Accounting
Authors: Jawahar Lal, Seema Srivastav
6th Edition
9353168384, 978-9353168384
