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Required information Problem 1 6 - 8 ( Static ) Multiple differences; taxable income given; two years; balance sheet classification; change in tax rate [

Required information Problem 16-8(Static) Multiple differences; taxable income given; two years; balance sheet classification; change in tax rate [LO16-1,16-2,16-3,16-5,16-6,16-8] Skip to question [The following information applies to the questions displayed below.] Arndt, Inc. reported the following for 2021 and 2022($ in millions): 20212022 Revenues $ 888 $ 980 Expenses 760800 Pretax accounting income (income statement) $ 128 $ 180 Taxable income (tax return) $ 116

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