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The pretax financial income (or loss) figures for Dan Lynch Company are as follows. Pretax financial income (or loss) and taxable income (loss) were the
The pretax financial income (or loss) figures for Dan Lynch Company are as follows. Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 45% tax rate for 2015 and 2016, and a 20% tax rate for the remaining years. 2015 $160,000 2016 250,000 2017 80,000 2018 (160,000) 2019 (380,000) 2020 120,000 2021 100,000
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
