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The following information relates to Coronado Corp.: Accounting income for the year ended June...

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Accounting

The following information relates to Coronado Corp.:
Accounting income for the year ended June 30,2023 was $67,600. No permanent differences existed during the fiscal year. The
company was expected to operate profitably in the future. The tax rate was 20% for the current and future years. Coronado Corp.
follows ASPE.
(a)
Your answer is incorrect.
Calculate the amount of taxable income for 2023.
Taxable Income for 2023$
image

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