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Gabriel310 Gabriel310
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5 years ago
JG Ltd. provided you with the following information:
Year Taxable Tax
Income (loss) rate
20x11 $300,000 38%
20x12 ($150,000) 40%
20x13 $330,000 45%
20x14 $80,000 40%
20x15 ($400,000) 40%
There are no temporary differences. What is the tax recovery in 20x15?
A) $160,000
B) $169,500
C) $176,000
D) None
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Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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africa143africa143
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Gabriel310 Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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