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  3. smith company reported pretax book income of $405,

Smith Company reported pretax book income of $405,000. Included in the computation were favorable temporary...

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Accounting

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Smith Company reported pretax book income of $405,000. Included in the computation were favorable temporary differences of $51,000 unfavorable temporary differences of $20,500 and favorable permanent differences of $40500 using a tax rate of 34%, Smith's deferred income tax expense or benefit would be: Multiple Choice Net deferred tax benefit of $10,370 Net deferred tax expense of $10,370 Net deferred tax expense of $24.310

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