Question
Shaw Corporation reported pretax book income of $1,140,000. Included in the computation were favorable temporary differences of $215,000, unfavorable temporary differences of $201,000, and favorable
Shaw Corporation reported pretax book income of $1,140,000. Included in the computation were favorable temporary differences of $215,000, unfavorable temporary differences of $201,000, and favorable permanent differences of $125,000. Compute the companys deferred income tax expense or benefit.
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