Packard Corporation reported pretax book income of $500,900. Included in the computation were favorable temporary...
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Packard Corporation reported pretax book income of $500,900. Included in the computation were favorable temporary differences of $10,900, unfavorable temporary differences of $100,900, and unfavorable permanent differences of $80,450. The corporation's current income tax expense or benefit would be:
$140,984 tax expense.
$124,073 tax benefit.
$122,084 tax expense.
$105,189 tax benefit.
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