Question
ones Company reported pretax book income of $415,000. Included in the computation were favorable temporary differences of $51,500, unfavorable temporary differences of $20,750, and favorable
ones Company reported pretax book income of $415,000. Included in the computation were favorable temporary differences of $51,500, unfavorable temporary differences of $20,750, and favorable permanent differences of $40,750. Book equivalent of taxable income is:
$342,750.
$374,250.
$415,000.
$455,750.
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CPA Excel Auditing And Attestation
Authors: Robert A. Prentice
1st Edition
0977165876, 978-0977165872
