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Home Q & A Board Other Fields Homework Help Business Accounting
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safezone safezone
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7 years ago
Exam Corporation reports taxable income of $800,000 on its federal income tax return. Given the following information from the corporation's records, determine its book income.

Deduction for federal income taxes per
   financial accounting records   $272,000
Depreciation claimed on the tax return   140,000
Depreciation recorded on the financial accounting records   80,000
Dividends-received deduction   48,000
Life insurance proceeds on death of corporate officer   90,000
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
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That's not philosophy, it's geometry
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genflynngenflynn
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More solutions for this book are available here
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We have the most crude accounting tools. It's tragic because our accounts and our national arithmetic doesn't tell us the things that we need to know.

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safezone Author
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7 years ago
Correct Slight Smile TY
Hellish Lover
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Yesterday
Good timing, thanks!
Alina01978
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2 hours ago
This helped my grade so much Perfect
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