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Shaw Corporation reported pretax book income of $1,110,000. Included in the computation were favorable temporary differences of $245,000, unfavorable temporary differences of $114,000, and favorable
Shaw Corporation reported pretax book income of $1,110,000. Included in the computation were favorable temporary differences of $245,000, unfavorable temporary differences of $114,000, and favorable permanent differences of $102,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. Deferred income tax expense
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