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Molloy Corporation reported pretax book income of $510,000. Included in the computation were favorable temporary differences of $100,000, unfavorable temporary differences of $10,000, and favorable
Molloy Corporation reported pretax book income of $510,000. Included in the computation were favorable temporary differences of $100,000, unfavorable temporary differences of $10,000, and favorable permanent differences of $80,000. What is the corporation's current income tax expense or benefit? (Enter an income tax expense as a negative and an income tax benefit as a positive)
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