A large company had pretax financial income of $645,000 in 2020. During 2020 he following...
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Accounting
A large company had pretax financial income of $645,000 in 2020. During 2020 he following items cause taxable income to be different than pretax financial income-
Municipal bond income $78,185
Interest expense was accrued and will be paid in 2021 173,612
What is taxable income for the company in 2020?
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