Question
KellerCo reports $5,000,000 of pretax book income this year. KellerCo is subject to a 21% Federal income tax rate. Its only book-tax differences are the
- KellerCo reports $5,000,000 of pretax book income this year. KellerCo is subject to a 21% Federal income tax rate. Its only book-tax differences are the following.
Non Deductible Business Meals $400,000
Tax Depreciation in Excess of Book Depreciation $1,500,000
Construct KellerCos tax rate reconciliation for its GAAP tax footnote. Use either dollars or percentages in your reconciliation.
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Designing Strategic Cost Systems How To Unleash The Power Of Cost Information
Authors: Lianabel Oliver
1st Edition
9780471653585
