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Corporation had a current liability of $300,000 for unearned rent. This was the only difference between pretax accounting income and...

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Question

Corporation had a current liability of $300,000 for unearned rent. This was the only difference between pretax accounting income and taxable income. Assume an income tax rate of 40%.

 

Paper#77328 | Written in 18-Jul-2015

Price : $22
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