Business, 23.03.2020 23:54 iaminu50

Tuna Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by $25,000. In addition, book depreciation exceeded tax depreciation by $100,000. Finally, Tuna subtracted a dividends received deduction of $15,000 in computing its current-year taxable income. Book equivalent of taxable income is:

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Tuna Corporation reported pretax book income of $1,000,000. During the current year, the net reserve...