Crane Corporation prepared the following reconciliation for 2021, its first year of operations: ...
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Accounting
Crane Corporation prepared the following reconciliation for its first year of operations:
Pretax financial income for $
Tax exempt interest
riginating temporary difference
Taxable income
$
The temporary difference will reverse evenly over the next two years at an enacted tax rate of The enacted tax rate What amount should Crane report in its income statement as the deferred portion of the provision for incom
$
$
$
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