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Koosharem Company had pretax financial accounting income of $ 2 4 , 0 0 0 during 2 0 X 2 . Koosharem's only temporary difference
Koosharem Company had pretax financial accounting income of $ during X Koosharem's only temporary difference for X relates to a sale made in X and recognized for accounting purposes at that time. However, Koosharem uses the installment sales method of revenue recognition for tax purposes; under this method, taxable income is recognized as cash is collected. During X Koosharem collected a receivable from the X sale which resulted in $ of taxable income under the installment sales method.
What is Koosharems taxable income for X
$
$
$
$
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