The following information is available for Sandhill Corporation for
CCA that was reported on the tax return exceeded depreciation reported on the income statement by $ This
difference is expected to reverse in equal amounts of $ per year over the period to
Dividends received from taxable Canadian corporations were $
Rent collected in advance on January totalled $ for a threeyear period. Of this amount, $ was
reported as unearned for book purposes at December
The tax rates are for and for and subsequent years.
Income taxes payable are $ for
Your answer is incorrect.
Calculate taxable income for Calculate accounting income for
Accounting income for $
