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what is the taxable income for 2012

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At the beginning of 2012, Annie, Inc. has a deferred tax asset of 7,500 and deferred tax liability of 10,500. In 2012, pretax financial income was 826,000 and the tax rate was 35%.;Pretax income included;interest income from municipal bonds 15,000;accured warranty costs, estimated to be used in 2013 74,000;prepaid rend expense, will be used in 2013 31,000;installment sales revenue, to be collected in 2013 56,000;operating loss carryforward 71,000;what is the taxable income for 2012?

 

Paper#23855 | Written in 18-Jul-2015

Price : $32
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