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Business, 29.06.2019 02:10 katwilf1771

Alvis corporation reports pretax accounting income of $580,000, but due to a single temporary difference, taxable income is only $385,000. at the beginning of the year, no temporary differences existed. required: 1. assuming a tax rate of 40%, what will be alvis’s net income? 2. what will alvis report in the balance sheet pertaining to income taxes?

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