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Rimas Corporation reported pretax book income of $1,240,000. Included in the computation were favorable temporary differences of $242,500, unfavorable temporary differences of $307,000, and favorable
Rimas Corporation reported pretax book income of $1,240,000. Included in the computation were favorable temporary differences of $242,500, unfavorable temporary differences of $307,000, and favorable permanent differences of $139,000. Compute the company's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit
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