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Woody Corporation had taxable income of $7,775 in the current year. The amount of depreciation reported in the tax return was $3,025, while the amount
Woody Corporation had taxable income of $7,775 in the current year. The amount of depreciation reported in the tax return was $3,025, while the amount of depreciation reported in the income statement was $1,125. Assuming no other differences between tax and accounting income, Woody's pretax accounting income was: Multiple Choice $10,800. $4,750. $5,875. $9,675
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