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please answer the three questions! Thank you! i will give rating! QUESTION 22 A publically traded corporation has $1,000,000 of pretax book income in both
please answer the three questions! Thank you! i will give rating!
QUESTION 22 A publically traded corporation has $1,000,000 of pretax book income in both 2020 and 2021 before taking into consideration: 1) 52,000 of nondeductive lobbying expenses incurred in 2020 2) a $10,000 lawsuit filed against it in 2020, which the company's attorneys decided in 2020 that the company had a strong likelihood of losing the case but won't be paid until late 2021 The 2020 book/tax difference amount is (favorable or unfavorable) QUESTION 23 In a court level that is a finder of fact AND in tax compliance matters, it is the taxpayer who the burden of proof True False QUESTION 24 The IRS can never non-acquiece to a US Supreme Court decision True False Step by Step Solution
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