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Packard Corporation reported pretax book income of $500,100. Included in the computation were favorable temporary differences of $10,100, unfavorable temporary differences of $100,100, and unfavorable
Packard Corporation reported pretax book income of $500,100. Included in the computation were favorable temporary differences of $10,100, unfavorable temporary differences of $100,100, and unfavorable permanent differences of $80,050. The corporation's current income tax expense or benefit would be:
140,732
123,653
121,832
105,021
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