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Smith Company reported pretax book income of $412,000. Included in the computation were favorable temporary differences of $52,400, unfavorable temporary differences of $21,200, and favorable
Smith Company reported pretax book income of $412,000. Included in the computation were favorable temporary differences of $52,400, unfavorable temporary differences of $21,200, and favorable permanent differences of $41,200. Smith's deferred income tax expense or benefit would be:
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