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Business, 19.07.2021 19:40 careykrysta

Tuna Corporation reported pretax book income of $1,007,000. During the current year, the net reserve for warranties increased by $28,500. In addition, book depreciation exceeded tax depreciation by $107,000. Finally, Tuna subtracted a dividends received deduction of $18,500 in computing its current-year taxable income. Book equivalent of taxable income is

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Tuna Corporation reported pretax book income of $1,007,000. During the current year, the net reserve...
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