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Smith Company reported pretax book income of $403,000. Included in the computation were favorable temporary differences of $50,600, unfavorable temporary differences of $20,300, and favorable

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Smith Company reported pretax book income of $403,000. Included in the computation were favorable temporary differences of $50,600, unfavorable temporary differences of $20,300, and favorable permanent differences of $40,300. Smith's deferred income tax expense or benefit would be: Multiple Choice Net deferred tax expense of $6,363. Net deferred tax benefit of $6,363. Net deferred tax expense of $14,889. Net deferred tax benefit of $14,889

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