Biology, 23.12.2019 21:31 campbellkruger
The following information relates to franklin freightways for its first year of operations (data in millions of dollars):
pretax accounting income: $ 330
pretax accounting income included:
overweight fines (not deductible for tax purposes) 14
depreciation expense 75
depreciation in the tax return using macrs: 116
the applicable tax rate is 39%.
there are no other temporary or permanent differences. franklin's taxable income ($ in millions) is:
Answers: 1
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The following information relates to franklin freightways for its first year of operations (data in...
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