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Business, 05.12.2019 19:31 tynitenaire

Or its first year of operations, tringali corporation's reconciliation of pretax accounting income to taxable income is as follows: pretax accounting income $ 300,000 permanent difference (16,000 ) 284,000 temporary difference-depreciation (20,500 ) taxable income $ 263,500 tringali's tax rate is 35%. assume that no estimated taxes have been paid. what should tringali report as income tax payable for its first year of operations?

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