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Woodward Corporation reported pre-tax book income of $900,000. Included in the computation were favorable temporary...

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Accounting

Woodward Corporation reported pre-tax book income of $900,000. Included in the computation were favorable temporary differences of $200,000, unfavorable temporary differences of $60,000, and favorable permanent differences of $100,000. Assuming a tax rate of 21%, compute the companys current income tax expense or benefit. (Enter the answer as a positive.)

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