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Shaw Corporation reported pre-tax book income of $1,000,000. Included in the computation were favorable temporary...

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Accounting

Shaw Corporation reported pre-tax book income of $1,000,000. Included in the computation were favorable temporary differences of $220,000, unfavorable temporary differences of $50,000, and favorable permanent differences of $100,000. Assuming a tax rate of 21%, compute the companys deferred income tax expense or benefit. (Enter as a negative).

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