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TarHeel Corporation reported pretax book income of $1,018,000. During the current year,the net reserve for warranties increased by $100,900. In addition, tax depreciation exceeded book
TarHeel Corporation reported pretax book income of $1,018,000. During the current year,the net reserve for warranties increased by $100,900. In addition, tax depreciation exceeded book depreciation by $204,500. Finally, TarHeel subtracted a dividend received deduction of $53,600 in computing its current-year taxable income. Tarheel's accounting effective tax rate is. Multiple Choice O 21.00 percent. 19.89 percent. 18.79 percent. 17.68 percent
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