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Kumara Corporation reported pretax book income of $1,000,000. Kumara also reports an increase in the taxable temporary differences of $200,000, an increase in the deductible
Kumara Corporation reported pretax book income of $1,000,000. Kumara also reports an increase in the taxable temporary differences of $200,000, an increase in the deductible temporary differences of $50,000, and favorable permanent differences of $100,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefit. Answer is not complete. Deferred income tax expense b. Compute Hafnaoui Company's deferred income tax expense or (benefit). Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefit. Answer is not complete. Deferred income tax expense
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