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Smith Company reported pretax book income of $409,000. Included in the computation were favorable temporary differences of $51,800, unfavorable temporary differences of $20,900, and
Smith Company reported pretax book income of $409,000. Included in the computation were favorable temporary differences of $51,800, unfavorable temporary differences of $20,900, and favorable permanent differences of $40,900. Smith's deferred income tax expense or benefit would be: Multiple Choice Net deferred tax expense of $6,489. Net deferred tax benefit of $6,489. Net deferred tax expense of $15,267. Net deferred tax benefit of $15,267.
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