Crane Company has the following cumulative taxable temporary differences: 12/31/21 12/31/20...
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Accounting
Crane Company has the following cumulative taxable temporary differences:
| 12/31/21 | 12/31/20 |
| $2150000 | $2800000 |
The tax rate enacted for 2021 is 30%, while the tax rate enacted for future years is 20%. Taxable income for 2021 is $5100000 and there are no permanent differences. Cranes pretax financial income for 2021 is:
|
| $5100000 |
|
| $4450000 |
|
| $2950000 |
|
| $7250000 |
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