The following information is available for Oriole Corporation for
Depreciation reported on the tax return exceeded depreciation reported on the income statement by $ This difference will reverse in equal amounts of $ over the years
Interest received on municipal bonds was $
Rent collected in advance on January totaled $ for a year period. Of this amount, $ was reported as unearned at December for book purposes.
The tax rates are for and for and subsequent years.
Income taxes of $ are due per the tax return for
No deferred taxes existed at the beginning of
a
b
Your answer is incorrect.
Compute pretax financial income for
Pretax financial income for
