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Please make screeshot of the finished schedule M-1. 64. Timpanogos Inc. is an accrual-method, calendar-year corporation. For 2022 , it reported financial statement income after
Please make screeshot of the finished schedule M-1.
64. Timpanogos Inc. is an accrual-method, calendar-year corporation. For 2022 , it reported financial statement income after taxes of $1,342,000. Timpanogos Required: a) Reconcile book income to taxable income for Timpanogos Inc. Be sure to start with book income and identify all of the adjustments necessary to arrive at taxable income. b) Identify each book-tax difference as either permanent or temporary. c) Complete Schedule M-1 for Timpanogos. d) Compute Timpanogos Inc.'s tax liability
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