Abbot Corporation reported pretax book income of $600,000 in 2018. Included in the computation were...
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Accounting
Abbot Corporation reported pretax book income of $600,000 in 2018. Included in the computation were favorable temporary differences of $150,000, unfavorable temporary differences of $50,000, and an unfavorable permanent differences of $40,000. Abbots current income tax expense for 2018 would be:
a. 126,000
b. 117,600
c. 113,400
d.105,000
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