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Smith Company reported pretax book income of $404,000. Included in the computation were favorable temporary differences of $50,800, unfavorable temporary differences of $20,400, and favorable
Smith Company reported pretax book income of $404,000. Included in the computation were favorable temporary differences of $50,800, unfavorable temporary differences of $20,400, and favorable permanent differences of $40,400. Smith's deferred income tax expense or benefit would be: Multiple Choice Net deferred tax expense of $6,384. Net deferred tax benefit of $6,384. o Net deferred tax expense of $14,952. o Net deferred tax benefit of $14,952. o
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