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ones Company reported pretax book income of $1,000,000 in 2018. Included in the computation were favorable temporary differences of $100,000, unfavorable temporary differences of $120,000,
ones Company reported pretax book income of $1,000,000 in 2018. Included in the computation were favorable temporary differences of $100,000, unfavorable temporary differences of $120,000, and favorable permanent differences of $60,000. Compute the companys deferred income tax expense or benefit for 2018. Multiple Choice A net deferred tax expense of $8,400. A net deferred tax benefit of $8,400. A net deferred tax expense of $4,200. A net deferred tax benefit of $4,200.
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